JPMorgan Chase & Co. Issues Pessimistic Forecast for McCormick & Company, Incorporated (NYSE:MKC) Stock Price

McCormick & Company, Incorporated (NYSE:MKC) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $78.00 to $67.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 30.02% from the stock’s previous close.

MKC has been the subject of a number of other research reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Jefferies Financial Group boosted their price objective on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.20.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $51.53 on Wednesday. The firm has a market cap of $13.83 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.59. The business’s 50 day moving average is $63.90 and its 200-day moving average is $65.68. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 1-year low of $51.29 and a 1-year high of $83.15.

McCormick & Company, Incorporated (NYSE:MKC) last released 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). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The business’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. Equities research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the transaction, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 115,000 shares of company stock worth $7,947,300. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after buying an additional 925 shares in the last quarter. Empowered Funds LLC boosted its position in shares of McCormick & Company, Incorporated by 19.0% during the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares in the last quarter. Woodline Partners LP increased its stake in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares during the last quarter. Cetera Investment Advisers increased its stake in McCormick & Company, Incorporated by 11.0% in the second quarter. Cetera Investment Advisers now owns 36,904 shares of the company’s stock valued at $2,798,000 after acquiring an additional 3,661 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in McCormick & Company, Incorporated in the second quarter valued at approximately $238,000. 79.74% of the stock is owned by institutional investors.

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.