Analysts Set McCormick & Company, Incorporated (NYSE:MKC) Price Target at $60.50

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

Several analysts have weighed in on the company. Barclays dropped their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Sanford C. Bernstein lowered their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th. TD Cowen dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th.

Insider Activity

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This trade represents a 40.90% 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. 10.60% of the stock is owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of large investors have recently made changes to their positions in MKC. Deseret Mutual Benefit Administrators raised its holdings in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC bought a new stake in McCormick & Company, Incorporated in the fourth quarter valued at $28,000. Zions Bancorporation National Association UT boosted its holdings in McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after acquiring an additional 357 shares in the last quarter. Union Savings Bank purchased a new position in McCormick & Company, Incorporated during the 4th quarter valued at $36,000. Finally, Glen Eagle Advisors LLC increased its position in McCormick & Company, Incorporated by 42.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 170 shares during the period. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Up 2.9%

MKC opened at $54.48 on Friday. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $72.58. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $50.77 and its 200-day moving average price is $54.35. The company has a market cap of $14.65 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.65 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last issued its 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $0.69 EPS. McCormick & Company, Incorporated’s quarterly revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

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.