McCormick & Company, Incorporated (NYSE:MKC) Price Target Raised to $78.00

McCormick & Company, Incorporated (NYSE:MKC) had its target price hoisted by JPMorgan Chase & Co. from $72.00 to $78.00 in a research report report published on Wednesday morning,MarketScreener reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on MKC. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, December 15th. HSBC reduced their target price on shares of 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. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, January 26th. UBS Group decreased their price target on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Finally, Jefferies Financial Group lifted their target price on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.90.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC traded up $0.00 during mid-day trading on Wednesday, hitting $68.49. 3,804,739 shares of the company’s stock traded hands, compared to its average volume of 3,966,761. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24. The company’s 50-day moving average is $67.07 and its two-hundred day moving average is $67.14. The company has a market capitalization of $18.39 billion, a P/E ratio of 23.38, a PEG ratio of 4.38 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The company’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. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 115,000 shares of company stock valued at $7,947,300. 23.80% of the stock is currently owned by corporate insiders.

Institutional Trading of McCormick & Company, Incorporated

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in McCormick & Company, Incorporated by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after acquiring an additional 314,252 shares during the last quarter. State Street Corp lifted its holdings in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after purchasing an additional 747,844 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of McCormick & Company, Incorporated by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock worth $441,571,000 after purchasing an additional 59,587 shares in the last quarter. Invesco Ltd. boosted its position in shares of McCormick & Company, Incorporated by 3.1% in the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after purchasing an additional 190,607 shares in the last quarter. Finally, Aristotle Capital Management LLC purchased a new position in McCormick & Company, Incorporated during the 4th quarter worth $259,918,000. 79.74% of the stock is currently owned by institutional investors.

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.