McCormick & Company, Incorporated (NYSE:MKC) Stock Price Up 3.7% – Time to Buy?

McCormick & Company, Incorporated (NYSE:MKC)’s stock price was up 3.7% during mid-day trading on Tuesday. The company traded as high as $47.68 and last traded at $47.5420. Approximately 3,472,328 shares were traded during trading, a decline of 13% from the average session volume of 4,001,657 shares. The stock had previously closed at $45.86.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MKC shares. UBS Group dropped their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.30.

McCormick & Company, Incorporated Stock Up 3.7%

The company has a market cap of $12.79 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.96 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. The company’s 50-day moving average is $50.32 and its two-hundred day moving average is $50.08.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data 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 company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. 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 business earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. McCormick & Company, Incorporated’s payout ratio is currently 34.72%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several institutional investors have recently modified their holdings of the business. Peoples Financial Services CORP. bought a new position in McCormick & Company, Incorporated during the 3rd quarter valued at about $93,000. CFS Investment Advisory Services LLC boosted its holdings in shares of McCormick & Company, Incorporated by 2.8% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company’s stock valued at $369,000 after acquiring an additional 224 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $515,000. 1834 Investment Advisors Co. grew its stake in shares of McCormick & Company, Incorporated by 233.4% in the third quarter. 1834 Investment Advisors Co. now owns 38,718 shares of the company’s stock worth $1,797,000 after acquiring an additional 27,106 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co grew its stake in shares of McCormick & Company, Incorporated by 15.2% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 6,165 shares of the company’s stock worth $286,000 after acquiring an additional 812 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

About McCormick & Company, Incorporated

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.