McCormick & Company, Incorporated (NYSE:MKC) Stock Has Consensus Target Price of $55.30 According to Analysts

Shares of McCormick & Company, Incorporated (NYSE:MKC) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $55.30.

A number of research firms have recently weighed in on MKC. UBS Group reduced their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. TD Cowen reaffirmed a “hold” rating and issued a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Finally, Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, October 2nd.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $47.54 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38. McCormick & Company, Incorporated has a 12 month low of $43.25 and a 12 month high of $72.41. The stock has a 50 day moving average of $50.21 and a 200 day moving average of $50.08. The firm has a market cap of $12.79 billion, a PE ratio of 8.60, a PEG ratio of 1.94 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data 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 return on equity of 12.01% and a net margin of 19.39%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm earned $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, research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio is 34.72%.

Insider Activity

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is owned by insiders.

Institutional Trading of McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parvin Asset Management LLC purchased a new position in McCormick & Company, Incorporated during the second quarter worth $25,000. Byrne Asset Management LLC bought a new position in McCormick & Company, Incorporated during the second quarter valued at $30,000. Ancora Advisors LLC bought a new position in McCormick & Company, Incorporated during the second quarter valued at $34,000. Essential Partners LLC raised its stake in shares of McCormick & Company, Incorporated by 146.5% in the first quarter. Essential Partners LLC now owns 742 shares of the company’s stock valued at $37,000 after acquiring an additional 441 shares during the period. Finally, Eastern Bank raised its stake in shares of McCormick & Company, Incorporated by 39.6% in the third quarter. Eastern Bank now owns 1,057 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

About McCormick & Company, Incorporated

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.