McCormick & Company, Incorporated (NYSE:MKC) Receives Average Recommendation of “Hold” from Analysts

Shares of McCormick & Company, Incorporated (NYSE:MKC) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $60.50.

Several research firms have recently commented on MKC. Barclays reduced their price target on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. HSBC dropped their price target on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Jefferies Financial Group cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, Sanford C. Bernstein decreased their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, June 26th.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $51.83 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The business has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $56.31. The firm has a market capitalization of $13.93 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Several large investors have recently modified their holdings of MKC. Investors Research Corp purchased a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth $1,152,000. Tema ETFs LLC raised its holdings in McCormick & Company, Incorporated by 11.7% in the 2nd quarter. Tema ETFs LLC now owns 5,173 shares of the company’s stock valued at $261,000 after buying an additional 541 shares during the period. Fluent Financial LLC purchased a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $1,418,000. Norway Savings Bank acquired a new position in McCormick & Company, Incorporated in the second quarter valued at about $224,000. Finally, Rockland Trust Co. lifted its position in McCormick & Company, Incorporated by 23.0% in the second quarter. Rockland Trust Co. now owns 370,423 shares of the company’s stock valued at $18,677,000 after buying an additional 69,332 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

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.