Sanford C. Bernstein Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $68.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective decreased by Sanford C. Bernstein from $77.00 to $68.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 34.78% from the company’s current price.

Several other analysts have also recently issued reports on MKC. Barclays dropped their target price on McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. HSBC lowered their price target on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Stifel Nicolaus cut their price objective on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. UBS Group reduced their target price on shares of McCormick & Company, Incorporated from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. Finally, BNP Paribas Exane decreased their target price on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $61.10.

McCormick & Company, Incorporated Trading Up 4.3%

MKC opened at $50.45 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.76 and a quick ratio of 0.36. The company’s 50 day simple moving average is $48.43 and its two-hundred day simple moving average is $58.02. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $78.03. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gavin Hattersley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the acquisition, the director owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after buying an additional 628,390 shares in the last quarter. PGGM Investments lifted its position in McCormick & Company, Incorporated by 10.2% in the fourth quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after acquiring an additional 69,034 shares during the last quarter. WINTON GROUP Ltd boosted its stake in McCormick & Company, Incorporated by 76.9% in the third quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after acquiring an additional 16,300 shares in the last quarter. Vanguard Group Inc. increased its position in shares of McCormick & Company, Incorporated by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter worth about $48,576,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Key McCormick & Company, Incorporated News

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: Deutsche Bank raised its price target on MKC to $60 from $59 and reiterated a buy rating, signaling confidence in further upside after the earnings report. Benzinga
• Positive Sentiment: McCormick reported Q2 earnings of $0.80 per share, above estimates, and revenue of $1.94 billion, also ahead of expectations, while reaffirming its 2026 guidance. PR Newswire
• Positive Sentiment: Management highlighted margin strength, with gross margin expansion driven by pricing, mix, acquisitions, and cost savings, which supports profitability even in a tougher cost environment. MSN
• Positive Sentiment: Analysts and market reports noted stronger Flavor Solutions performance and organic sales growth, helping offset softer consumer spice demand and reinforcing the stock’s recent move higher. Zacks

About McCormick & Company, Incorporated

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.