TD Cowen Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $75.00

McCormick & Company, Incorporated (NYSE:MKCFree Report) had its target price decreased by TD Cowen from $82.00 to $75.00 in a research note published on Friday morning,MarketScreener reports. TD Cowen currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group increased their price target on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, December 15th. Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. UBS Group decreased their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.80.

Get Our Latest Stock Analysis on McCormick & Company, Incorporated

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $60.76 on Friday. The firm’s fifty day moving average is $66.73 and its 200 day moving average is $67.76. 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 $16.31 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 3.78 and a beta of 0.62. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24.

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

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

Insider Buying and Selling 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 value of $3,371,500.00. Following the sale, the insider owned 246,762 shares in the company, valued at $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brendan M. Foley sold 57,144 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were 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 owned 108,652 shares in the company, valued at approximately $7,123,225.12. This trade represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 146,158 shares of company stock valued at $9,635,824. 23.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of institutional investors have recently modified their holdings of the company. Tyche Wealth Partners LLC purchased a new stake in McCormick & Company, Incorporated during the fourth quarter worth about $367,000. Natural Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $1,895,000. BSW Wealth Partners purchased a new position in McCormick & Company, Incorporated in the fourth quarter valued at approximately $233,000. Patton Fund Management Inc. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth $234,000. Finally, Assetmark Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 150.1% in the 4th quarter. Assetmark Inc. now owns 3,937 shares of the company’s stock valued at $268,000 after purchasing an additional 2,363 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

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McCormick & Company, Incorporated Company Profile

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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.

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