McCormick & Company, Incorporated (NYSE:MKC) Price Target Cut to $67.00 by Analysts at JPMorgan Chase & Co.

McCormick & Company, Incorporated (NYSE:MKC) had its price target reduced by JPMorgan Chase & Co. from $78.00 to $67.00 in a research report sent to investors on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms have also weighed in on MKC. Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. HSBC cut their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. UBS Group reduced their price objective on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.20.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $52.73 on Wednesday. The stock has a market capitalization of $14.15 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 3.05 and a beta of 0.59. The business’s fifty day moving average price is $64.25 and its 200 day moving average price is $65.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a 12-month low of $51.29 and a 12-month high of $83.15.

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

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 246,762 shares in the company, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director owned 43,029 shares in the company, valued at $2,922,529.68. The trade was a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 115,000 shares of company stock worth $7,947,300. Insiders own 10.60% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new position in shares of McCormick & Company, Incorporated in the second quarter worth $27,000. Heartwood Wealth Advisors LLC acquired a new stake in McCormick & Company, Incorporated in the third quarter worth about $28,000. GoalVest Advisory LLC acquired a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $28,000. Deseret Mutual Benefit Administrators grew its position in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at about $28,000. Institutional investors own 79.74% of the company’s stock.

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.