McCormick & Company, Incorporated (NYSE:MKC) Price Target Lowered to $67.00 at Barclays

McCormick & Company, Incorporated (NYSE:MKC) had its target price decreased by Barclays from $72.00 to $67.00 in a research note issued to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on MKC. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Friday. TD Cowen dropped their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wall Street Zen upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Up 0.3%

Shares of NYSE:MKC opened at $61.00 on Monday. The firm has a market capitalization of $16.37 billion, a P/E ratio of 20.82, a P/E/G ratio of 3.78 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The stock has a 50 day moving average price of $66.65 and a 200-day moving average price of $67.68. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $0.80 EPS. McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued a $0.48 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.1%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 65.53%.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the sale, the insider directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. The trade was a 16.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the completion of the sale, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. This trade represents a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,158 shares of company stock valued at $9,635,824 in the last 90 days. Company insiders own 23.80% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Large investors have recently made changes to their positions in the business. Merit Financial Group LLC boosted its stake in shares of McCormick & Company, Incorporated by 12.7% in the fourth quarter. Merit Financial Group LLC now owns 9,196 shares of the company’s stock worth $626,000 after buying an additional 1,033 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of McCormick & Company, Incorporated by 17.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,254 shares of the company’s stock worth $4,172,000 after purchasing an additional 9,133 shares during the period. Nicholson Wealth Management Group LLC increased its holdings in shares of McCormick & Company, Incorporated by 24.2% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 26,995 shares of the company’s stock valued at $1,839,000 after purchasing an additional 5,255 shares in the last quarter. KBC Group NV increased its holdings in shares of McCormick & Company, Incorporated by 0.9% during the 4th quarter. KBC Group NV now owns 44,428 shares of the company’s stock valued at $3,026,000 after purchasing an additional 417 shares in the last quarter. Finally, LBP AM SA acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $375,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.