McCormick & Company, Incorporated (NYSE:MKC) Stock Price Down 1.3% – Time to Sell?

Shares of McCormick & Company, Incorporated (NYSE:MKC) fell 1.3% on Friday. The company traded as low as $47.53 and last traded at $48.1010. 3,044,808 shares were traded during trading, a decline of 24% from the average daily volume of 4,000,086 shares. The stock had previously closed at $48.71.

Wall Street Analyst Weigh In

Several brokerages recently commented on MKC. Stifel Nicolaus reduced their price objective on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Friday, October 2nd. TD Cowen reiterated a “hold” rating and issued a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. BNP Paribas Exane reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Stock Performance

The stock has a market cap of $12.94 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. The business has a 50 day moving average price of $49.96 and a two-hundred day moving average price of $50.06.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’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. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm 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 dividend yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 34.72%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’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 transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Hedge funds have recently made changes to their positions in the business. Aristotle Capital Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after acquiring an additional 8,848,235 shares in the last quarter. XXEC Inc. bought a new stake in McCormick & Company, Incorporated in the second quarter valued at $154,566,000. Amundi boosted its holdings in McCormick & Company, Incorporated by 72.5% in the first quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after acquiring an additional 850,343 shares in the last quarter. Diamant Asset Management Inc. increased its position in McCormick & Company, Incorporated by 4,848.6% during the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after purchasing an additional 1,025,480 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in McCormick & Company, Incorporated by 29.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 939,542 shares of the company’s stock worth $47,390,000 after purchasing an additional 211,763 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

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.