McCormick & Company, Incorporated (NYSE:MKC) Shares Up 3.7% – Should You Buy?

McCormick & Company, Incorporated (NYSE:MKC) shares rose 3.7% during trading on Tuesday. The company traded as high as $47.68 and last traded at $47.5420. Approximately 3,472,328 shares were traded during mid-day trading, a decline of 13% from the average session volume of 4,001,657 shares. The stock had previously closed at $45.86.

Analysts Set New Price Targets

MKC has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, September 21st. UBS Group lowered their price objective on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, TD Cowen reaffirmed a “hold” rating and set a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Stock Down 2.5%

The business’s fifty day simple moving average is $50.08 and its two-hundred day simple moving average is $50.06. The company has a market cap of $12.48 billion, a PE ratio of 8.39, a PEG ratio of 2.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. McCormick & Company, Incorporated’s dividend payout ratio is presently 34.72%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.60% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Institutional investors have recently bought and sold shares of the business. CFS Investment Advisory Services LLC raised its stake in shares of McCormick & Company, Incorporated by 2.8% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company’s stock worth $369,000 after buying an additional 224 shares during the period. Dorato Capital Management lifted its position in shares of McCormick & Company, Incorporated by 5.4% during the 3rd quarter. Dorato Capital Management now owns 4,588 shares of the company’s stock valued at $208,000 after buying an additional 235 shares in the last quarter. CoreCap Advisors LLC grew its stake in McCormick & Company, Incorporated by 16.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,738 shares of the company’s stock valued at $81,000 after acquiring an additional 245 shares during the period. QRG Capital Management Inc. grew its stake in McCormick & Company, Incorporated by 3.6% in the 2nd quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock valued at $419,000 after acquiring an additional 292 shares during the period. Finally, Empirical Finance LLC grew its stake in McCormick & Company, Incorporated by 3.4% in the 2nd quarter. Empirical Finance LLC now owns 8,886 shares of the company’s stock valued at $448,000 after acquiring an additional 293 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.