McCormick & Company, Incorporated (NYSE:MKC) Shares Break Below Fifty Day Moving Average – Should You Sell?

McCormick & Company, Incorporated (NYSE:MKC)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $48.78 and traded as low as $47.72. McCormick & Company, Incorporated shares last traded at $47.9030, with a volume of 2,803,586 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MKC shares. JPMorgan Chase & Co. reduced their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Barclays decreased 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 report on Friday, October 2nd. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. UBS Group dropped 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. Finally, TD Cowen reaffirmed a “hold” rating and set a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Trading Down 1.9%

The firm has a 50-day moving average of $48.78 and a 200 day moving average of $53.34. The company has a market cap of $12.89 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. 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 issued its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company 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 fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend 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 on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MKC. Parvin Asset Management LLC bought a new stake in McCormick & Company, Incorporated in the second quarter valued at $25,000. Byrne Asset Management LLC acquired a new position in shares of McCormick & Company, Incorporated during the second quarter valued at about $30,000. Ancora Advisors LLC bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth about $34,000. Essential Partners LLC boosted its position in shares of McCormick & Company, Incorporated by 146.5% during the 1st quarter. Essential Partners LLC now owns 742 shares of the company’s stock worth $37,000 after purchasing an additional 441 shares in the last quarter. Finally, Provenance Wealth Advisors LLC bought a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth about $42,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Company Profile

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.