UBS Group Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $59.00

McCormick & Company, Incorporated (NYSE:MKC) had its price target cut by research analysts at UBS Group from $67.00 to $59.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 9.72% from the stock’s previous close.

MKC has been the subject of several other reports. JPMorgan Chase & Co. upped their price target on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Stifel Nicolaus reduced their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. HSBC decreased their price target 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. Finally, Zacks Research downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Price Performance

Shares of MKC traded down $0.28 during mid-day trading on Friday, reaching $53.78. The stock had a trading volume of 3,153,883 shares, compared to its average volume of 3,802,934. The firm has a market cap of $14.44 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 3.21 and a beta of 0.59. McCormick & Company, Incorporated has a 12 month low of $52.63 and a 12 month high of $83.15. The business has a fifty day moving average of $65.43 and a 200 day moving average of $66.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the company’s 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 completion of the sale, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. This trade represents a 13.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 115,000 shares of company stock worth $7,947,300. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of large investors have recently made changes to their positions in MKC. Nuance Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the third quarter valued at about $15,388,000. WINTON GROUP Ltd raised its position in shares of McCormick & Company, Incorporated by 76.9% in the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after purchasing an additional 16,300 shares during the last quarter. Envestnet Asset Management Inc. grew its position in McCormick & Company, Incorporated by 3.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock worth $58,806,000 after purchasing an additional 29,418 shares during the last quarter. Cibc World Market Inc. purchased a new stake in McCormick & Company, Incorporated during the 3rd quarter worth approximately $3,819,000. Finally, American Century Companies Inc. acquired a new position in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $48,576,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

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.