Stifel Nicolaus Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $48.00

McCormick & Company, Incorporated (NYSE:MKC) had its price target lowered by Stifel Nicolaus from $55.00 to $48.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also weighed in on MKC. JPMorgan Chase & Co. cut their price objective 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. Barclays lowered their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Jefferies Financial Group decreased their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, TD Cowen cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and lowered their price objective for the company from $60.00 to $55.00 in a research note on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.30.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $44.60 on Friday. 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. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. McCormick & Company, Incorporated has a 52 week low of $43.25 and a 52 week high of $72.41. The business has a fifty day simple moving average of $51.73 and a 200-day simple moving average of $50.69.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated’s payout ratio is currently 34.72%.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The shares were 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. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by insiders.

Institutional Trading of McCormick & Company, Incorporated

Large investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter worth about $25,000. Deseret Mutual Benefit Administrators raised its holdings in shares of McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $30,000. Ancora Advisors LLC acquired a new position in McCormick & Company, Incorporated during the 2nd quarter worth approximately $34,000. Finally, Union Savings Bank acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $36,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated News Roundup

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.

McCormick & Company, Incorporated Company Profile

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.