JPMorgan Chase & Co. Forecasts Strong Price Appreciation for McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated (NYSE:MKC) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $72.00 to $78.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.88% from the stock’s previous close.

MKC has been the subject of a number of other reports. TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Barclays dropped their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, January 26th. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Jefferies Financial Group raised their price target on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $73.90.

McCormick & Company, Incorporated Price Performance

NYSE:MKC traded up $0.00 during trading hours on Wednesday, hitting $68.49. The company’s stock had a trading volume of 3,804,739 shares, compared to its average volume of 3,966,761. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The business’s 50-day moving average is $67.07 and its two-hundred day moving average is $67.14. The company has a market capitalization of $18.39 billion, a PE ratio of 23.38, a PEG ratio of 4.38 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 115,000 shares of company stock worth $7,947,300. Insiders own 23.80% of the company’s stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of large investors have recently bought and sold shares of the stock. Nuance Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter worth about $15,388,000. Cibc World Market Inc. acquired a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at $3,819,000. Envestnet Asset Management Inc. grew its holdings in McCormick & Company, Incorporated by 3.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock valued at $58,806,000 after purchasing an additional 29,418 shares in the last quarter. Strengthening Families & Communities LLC increased its stake in McCormick & Company, Incorporated by 3,178.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock worth $2,211,000 after buying an additional 32,040 shares during the period. Finally, Savoir Faire Capital Management L.P. lifted its holdings in McCormick & Company, Incorporated by 90.0% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock worth $7,916,000 after buying an additional 56,049 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

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.