McCormick & Company, Incorporated (NYSE:MKC) Receives Consensus Rating of “Hold” from Brokerages

McCormick & Company, Incorporated (NYSE:MKC) has received a consensus rating of “Hold” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $60.50.

Several research analysts have recently commented on MKC shares. Barclays reduced their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. UBS Group increased their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MKC. Goldman Sachs Group Inc. increased its position in shares of McCormick & Company, Incorporated by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after buying an additional 628,390 shares in the last quarter. PGGM Investments increased its holdings in shares of McCormick & Company, Incorporated by 10.2% in the fourth quarter. PGGM Investments now owns 746,607 shares of the company’s stock worth $50,851,000 after acquiring an additional 69,034 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of McCormick & Company, Incorporated by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after purchasing an additional 47,119 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $4,883,000. Finally, L & S Advisors Inc acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $4,004,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Down 1.8%

NYSE MKC opened at $54.31 on Tuesday. The stock’s 50 day moving average is $52.55 and its two-hundred day moving average is $53.58. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.81 and a beta of 0.63. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.5%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

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.