McCormick & Company, Incorporated (NYSE:MKC) Given New $48.00 Price Target at Stifel Nicolaus

McCormick & Company, Incorporated (NYSE:MKC) had its target price reduced by research analysts at Stifel Nicolaus from $55.00 to $48.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 8.55% from the stock’s previous close.

Several other equities analysts have also commented on MKC. JPMorgan Chase & Co. lowered their target price on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. UBS Group raised their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Jefferies Financial Group lowered their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Sanford C. Bernstein lowered their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.10.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $44.22 on Friday. The business has a 50 day simple moving average of $51.84 and a 200-day simple moving average of $50.78. McCormick & Company, Incorporated has a twelve month low of $43.94 and a twelve month high of $72.41. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.87 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

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, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts expect that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’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 sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Parvin Asset Management LLC bought a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at about $25,000. Deseret Mutual Benefit Administrators grew its position in McCormick & Company, Incorporated by 67.8% in 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 in the last quarter. Byrne Asset Management LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter valued at about $30,000. Ancora Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth about $34,000. Finally, Union Savings Bank bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth about $36,000. Institutional investors own 79.74% of the company’s stock.

Trending Headlines about McCormick & Company, Incorporated

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

• Positive Sentiment: Quarterly results exceeded expectations: Adjusted EPS was $0.86 versus the $0.76 consensus estimate, while revenue increased 17.4% year over year to $2.02 billion, above expectations of $1.98 billion. The earnings beat was supported by margin expansion, organic sales growth and contributions from the McCormick de Mexico acquisition. McCormick quarterly profit beats as margins expand, Mexico deal adds to sales
• Positive Sentiment: Profitability improved on an adjusted basis: Adjusted operating margin expanded to 17.7%, and management is targeting 100 to 120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen its balance sheet and reduce financing pressure. McCormick debt paydown and margin plan
• Neutral Sentiment: Full-year outlook was reaffirmed: McCormick maintained fiscal 2026 adjusted EPS guidance of $3.05 to $3.13 and revenue guidance of $7.7 billion to $8.0 billion, broadly in line with analyst expectations. This reduces the risk of a guidance cut but provides limited evidence of an upside revision. McCormick third-quarter results and outlook
• Negative Sentiment: Reported net income declined sharply: GAAP net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting integration and cost-action charges. Organic sales growth was only 1.9%, indicating that much of the reported growth came from acquisitions rather than core demand. McCormick third-quarter review

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.