McCormick & Company, Incorporated (NYSE:MKC) Trading Down 5.5% – Should You Sell?

McCormick & Company, Incorporated (NYSE:MKC) fell 5.5% during mid-day trading on Wednesday . The company traded as low as $60.57 and last traded at $59.8820. 455,842 shares were traded during trading, a decline of 88% from the average session volume of 3,778,035 shares. The stock had previously closed at $63.39.

Analysts Set New Price Targets

Several research firms have commented on MKC. Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Barclays cut their price target 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. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, TD Cowen reduced 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 research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.10.

McCormick & Company, Incorporated Price Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The company has a 50-day simple moving average of $66.80 and a 200-day simple moving average of $66.88. The stock has a market cap of $16.36 billion, a PE ratio of 20.78, a PEG ratio of 3.58 and a beta of 0.59.

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

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the transaction, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,000 shares of company stock valued at $7,947,300. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of McCormick & Company, Incorporated by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after acquiring an additional 925 shares during the last quarter. Empowered Funds LLC raised its stake in McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after purchasing an additional 941 shares during the last quarter. Woodline Partners LP lifted its holdings in McCormick & Company, Incorporated by 40.9% in the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after purchasing an additional 6,189 shares in the last quarter. Assetmark Inc. lifted its holdings in McCormick & Company, Incorporated by 64.0% in the 2nd quarter. Assetmark Inc. now owns 984 shares of the company’s stock valued at $75,000 after purchasing an additional 384 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of McCormick & Company, Incorporated by 1.6% during the 2nd quarter. Savant Capital LLC now owns 24,660 shares of the company’s stock worth $1,870,000 after purchasing an additional 379 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

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.