McCormick & Company, Incorporated (NYSE:MKC) Sets New 12-Month Low – What’s Next?

Shares of McCormick & Company, Incorporated (NYSE:MKC) hit a new 52-week low during trading on Tuesday . The company traded as low as $52.35 and last traded at $53.2670, with a volume of 369855 shares traded. The stock had previously closed at $53.25.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group cut their price target on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, December 15th. Barclays lowered their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Finally, Stifel Nicolaus dropped 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 research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Stock Performance

The firm has a fifty day simple moving average of $64.87 and a 200-day simple moving average of $66.00. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market cap of $14.28 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 3.11 and a beta of 0.58.

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

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the sale, the director owned 31,596 shares in the company, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 115,000 shares of company stock worth $7,947,300. Insiders own 10.60% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aristotle Capital Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $259,918,000. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $249,087,000. Invesco Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 66.7% during the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares during the period. Wellington Management Group LLP boosted its position in McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in McCormick & Company, Incorporated in the fourth quarter valued at approximately $64,522,000. 79.74% of the stock is owned by hedge funds and other 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.