BNP Paribas Exane Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $65.00

McCormick & Company, Incorporated (NYSE:MKC) had its price target cut by BNP Paribas Exane from $75.00 to $65.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

MKC has been the subject of several other research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $59.00 price objective on shares of McCormick & Company, Incorporated in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. UBS Group increased their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Stifel Nicolaus cut their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a report on Friday. Finally, Barclays reduced their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Stock Down 0.1%

Shares of NYSE MKC opened at $44.60 on Friday. McCormick & Company, Incorporated has a 52 week low of $43.25 and a 52 week high of $72.41. The business has a 50-day simple moving average of $51.73 and a two-hundred day simple moving average of $50.69. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $11.99 billion, a P/E ratio of 8.07, a P/E/G ratio of 1.80 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%.The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts anticipate that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be given a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is presently 34.72%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Aristotle Capital Management LLC increased its stake in McCormick & Company, Incorporated by 231.9% in the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after purchasing an additional 8,848,235 shares during the period. XXEC Inc. bought a new stake in McCormick & Company, Incorporated in the second quarter valued at approximately $154,566,000. Amundi boosted its stake in shares of McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after purchasing an additional 850,343 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of McCormick & Company, Incorporated by 60.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after purchasing an additional 628,390 shares during the period. Finally, Diamant Asset Management Inc. grew its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares during the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting McCormick & Company, Incorporated

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick reported third-quarter adjusted EPS of $0.86, surpassing the $0.76 analyst consensus, while revenue rose 17.4% year over year to $2.02 billion versus expectations of $1.98 billion. Margin expansion, organic growth and contributions from the McCormick de Mexico acquisition supported the results. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: The company outlined a plan to repay $1.5 billion to $2 billion of debt within two years and is targeting 100 to 120 basis points of gross-margin expansion in 2026. Its valuation near multi-year lows and dividend yield above 4% may also appeal to income-oriented investors. McCormick Debt Paydown and Margin Plan
• Neutral Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05 to $3.13 in EPS and $7.7 billion to $8.0 billion in revenue, broadly consistent with Wall Street expectations. McCormick Reaffirms 2026 Guidance
• Negative Sentiment: Reported GAAP net income fell sharply to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting special charges related to integration and cost actions. Organic sales growth was only about 1.9%, leaving much of the headline growth dependent on acquisitions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Analysts lowered their targets: Barclays to $47 with an equal-weight rating, UBS to $48 with a neutral rating, TD Cowen to $48 with a hold rating, and Stifel to $48 with a hold rating. BNP Paribas Exane cut its target to $65 but retained an outperform rating. These revisions signal continued concerns about organic growth, execution and near-term earnings momentum.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.