McCormick & Company, Incorporated (NYSE:MKC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of McCormick & Company, Incorporated (NYSE:MKC) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.50.

A number of research analysts have commented on the company. BNP Paribas Exane lowered their target price on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group reduced their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. HSBC lowered their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. BTIG Research initiated coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th.

McCormick & Company, Incorporated Trading Down 2.0%

McCormick & Company, Incorporated stock opened at $51.83 on Monday. The company has a 50 day moving average price of $48.81 and a 200 day moving average price of $56.40. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $73.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 2.65 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be issued a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Institutional Trading of McCormick & Company, Incorporated

Several large investors have recently made changes to their positions in MKC. Investors Research Corp acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $1,152,000. Tema ETFs LLC lifted its position in McCormick & Company, Incorporated by 11.7% during the 2nd quarter. Tema ETFs LLC now owns 5,173 shares of the company’s stock worth $261,000 after acquiring an additional 541 shares during the last quarter. Fluent Financial LLC bought a new stake in McCormick & Company, Incorporated during the second quarter valued at about $1,418,000. Norway Savings Bank bought a new stake in McCormick & Company, Incorporated during the second quarter valued at about $224,000. Finally, Rockland Trust Co. grew its position in shares of McCormick & Company, Incorporated by 23.0% in the second quarter. Rockland Trust Co. now owns 370,423 shares of the company’s stock valued at $18,677,000 after purchasing an additional 69,332 shares during the last quarter. 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.