McCormick & Company, Incorporated (NYSE:MKC) Downgraded by Zacks Research to “Strong Sell”

McCormick & Company, Incorporated (NYSE:MKC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. HSBC decreased their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. UBS Group dropped their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Jefferies Financial Group upped their price objective on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $74.10.

McCormick & Company, Incorporated Stock Down 1.3%

Shares of NYSE MKC opened at $63.37 on Monday. 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 moving average price of $66.80 and a 200-day moving average price of $66.88. The stock has a market capitalization of $17.01 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.58 and a beta of 0.59. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $84.38.

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

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock worth $7,947,300 in the last quarter. Insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MKC. Union Savings Bank bought a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $36,000. Hsbc Holdings PLC increased its stake in shares of McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after purchasing an additional 47,119 shares in the last quarter. Mengis Capital Management Inc. lifted its stake in shares of McCormick & Company, Incorporated by 467.1% during the 4th quarter. Mengis Capital Management Inc. now owns 63,200 shares of the company’s stock valued at $4,305,000 after buying an additional 52,055 shares in the last quarter. Bayban bought a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in McCormick & Company, Incorporated by 1,429.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,004 shares of the company’s stock worth $136,000 after buying an additional 1,873 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

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.