McCormick & Company, Incorporated (NYSE:MKC) Stock Has Consensus Target Price of $55.30

McCormick & Company, Incorporated (NYSE:MKC) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $55.30.

A number of equities research analysts recently commented on MKC shares. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Stifel Nicolaus cut their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, October 2nd. Barclays cut 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 report on Friday, October 2nd. TD Cowen reissued a “hold” rating and set a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $59.00 price objective on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $48.10 on Wednesday. The stock has a 50-day moving average of $49.83 and a two-hundred day moving average of $50.04. McCormick & Company, Incorporated has a one year low of $43.25 and a one year high of $72.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The stock has a market cap of $12.94 billion, a P/E ratio of 8.70, a P/E/G ratio of 2.03 and a beta of 0.65.

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, beating analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio is presently 34.72%.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This trade 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 at this hyperlink. 10.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp raised its stake in shares of McCormick & Company, Incorporated by 6.9% during the 3rd quarter. Sigma Planning Corp now owns 4,958 shares of the company’s stock valued at $230,000 after buying an additional 318 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of McCormick & Company, Incorporated by 77.0% in the 3rd quarter. Signaturefd LLC now owns 4,732 shares of the company’s stock valued at $220,000 after buying an additional 2,058 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of McCormick & Company, Incorporated by 153.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 14,434 shares of the company’s stock valued at $670,000 after buying an additional 8,734 shares during the period. Taylor Frigon Capital Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 1.3% in the third quarter. Taylor Frigon Capital Management LLC now owns 24,444 shares of the company’s stock worth $1,134,000 after buying an additional 302 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter worth about $3,121,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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.