McCormick & Company, Incorporated (NYSE:MKC) Receives $74.10 Consensus Price Target from Brokerages

Shares of McCormick & Company, Incorporated (NYSE:MKC) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $74.10.

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their target price on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Stifel Nicolaus cut their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. HSBC decreased their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised 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 research note on Monday, December 15th. Finally, Barclays dropped their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds have recently bought and sold shares of the company. Union Savings Bank bought a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $36,000. Hsbc Holdings PLC grew its stake in shares of McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after acquiring an additional 47,119 shares during the period. Mengis Capital Management Inc. raised its holdings in shares of McCormick & Company, Incorporated by 467.1% during the fourth quarter. Mengis Capital Management Inc. now owns 63,200 shares of the company’s stock valued at $4,305,000 after purchasing an additional 52,055 shares during the last quarter. Bayban purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in McCormick & Company, Incorporated by 1,429.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,004 shares of the company’s stock valued at $136,000 after purchasing an additional 1,873 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $57.41 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market cap of $15.41 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. McCormick & Company, Incorporated has a 52 week low of $57.29 and a 52 week high of $83.15. The firm’s 50-day simple moving average is $66.42 and its two-hundred day simple moving average is $66.77.

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

About McCormick & Company, Incorporated

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.