McCormick & Company, Incorporated (NYSE:MKC) Shares Down 2.1% – Should You Sell?

McCormick & Company, Incorporated (NYSE:MKC)’s stock price traded down 2.1% on Tuesday. The company traded as low as $44.33 and last traded at $44.6220. 3,821,538 shares changed hands during trading, a decline of 4% from the average session volume of 3,995,156 shares. The stock had previously closed at $45.58.

Analysts Set New Price Targets

MKC has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. UBS Group dropped their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Stock Performance

The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.89 and a beta of 0.65. The stock’s 50 day moving average is $51.03 and its 200 day moving average is $50.32. 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 (NYSE:MKC) last announced its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Insider Activity at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated 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 completion of the sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by company insiders.

Institutional Trading of McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently bought and sold shares of MKC. Sound Income Strategies LLC purchased a new position in McCormick & Company, Incorporated during the third quarter worth approximately $5,160,000. GK Wealth Management LLC purchased a new position in McCormick & Company, Incorporated in the 3rd quarter worth approximately $57,000. Riversedge Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 56.3% in the 3rd quarter. Riversedge Advisors LLC now owns 7,275 shares of the company’s stock worth $338,000 after acquiring an additional 2,621 shares during the period. Wedmont Private Capital purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at approximately $224,000. Finally, Dorato Capital Management lifted its position in shares of McCormick & Company, Incorporated by 5.4% during the third quarter. Dorato Capital Management now owns 4,588 shares of the company’s stock worth $208,000 after purchasing an additional 235 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

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.