McCormick & Company, Incorporated (NYSE:MKC) Given Average Rating of “Hold” by Analysts

McCormick & Company, Incorporated (NYSE:MKC) has been given an average rating of “Hold” by the twelve analysts that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $73.30.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Barclays dropped their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. Jefferies Financial Group upped their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, HSBC cut their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, January 23rd.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $4,365,800. Insiders own 23.80% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Several hedge funds have recently bought and sold shares of the stock. Empire Financial Management Company LLC increased its position in McCormick & Company, Incorporated by 1.7% in the fourth quarter. Empire Financial Management Company LLC now owns 26,551 shares of the company’s stock worth $1,808,000 after buying an additional 453 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of McCormick & Company, Incorporated by 4.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 8,421 shares of the company’s stock valued at $574,000 after buying an additional 348 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of McCormick & Company, Incorporated by 4.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 15,154 shares of the company’s stock valued at $1,032,000 after acquiring an additional 673 shares during the period. Bank of Jackson Hole Trust grew its stake in shares of McCormick & Company, Incorporated by 44.1% during the 4th quarter. Bank of Jackson Hole Trust now owns 1,127 shares of the company’s stock valued at $77,000 after acquiring an additional 345 shares during the period. Finally, Brooklyn Investment Group increased its holdings in McCormick & Company, Incorporated by 24.8% in the 4th quarter. Brooklyn Investment Group now owns 6,089 shares of the company’s stock worth $421,000 after acquiring an additional 1,210 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $71.63 on Friday. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The stock has a 50-day moving average of $66.43 and a 200 day moving average of $67.19. 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 company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 4.51 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last posted its 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 company had revenue of $1.85 billion for 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%. McCormick & Company, Incorporated’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.7%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 65.53%.

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.