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

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MKC shares. Barclays cut their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. Jefferies Financial Group lifted their price objective on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. HSBC decreased their target price on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Finally, TD Cowen dropped their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.10.

McCormick & Company, Incorporated Trading Up 1.9%

The company’s 50 day simple moving average is $66.42 and its 200 day simple moving average is $66.77. 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 firm has a market cap of $15.68 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 3.34 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s revenue 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. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated 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 $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This trade represents a 16.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors have recently modified their holdings of the company. Union Savings Bank acquired a new stake in McCormick & Company, Incorporated in the fourth quarter valued at $36,000. Hsbc Holdings PLC boosted its position in shares of McCormick & Company, Incorporated by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after acquiring an additional 47,119 shares in the last quarter. Mengis Capital Management Inc. boosted its position 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 worth $4,305,000 after acquiring an additional 52,055 shares in the last quarter. Bayban purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of McCormick & Company, Incorporated by 1,429.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,004 shares of the company’s stock worth $136,000 after acquiring an additional 1,873 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 (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.