BNP Paribas Exane Issues Pessimistic Forecast for McCormick & Company, Incorporated (NYSE:MKC) Stock Price

McCormick & Company, Incorporated (NYSE:MKC) had its price target cut by BNP Paribas Exane from $75.00 to $65.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BNP Paribas Exane’s price objective would indicate a potential upside of 45.60% from the company’s current price.

A number of other analysts also recently issued reports on MKC. TD Cowen reaffirmed a “hold” rating and issued a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday. Jefferies Financial Group dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Stifel Nicolaus reduced their target price on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.50.

McCormick & Company, Incorporated Price Performance

NYSE MKC traded up $0.50 during mid-day trading on Friday, hitting $44.64. The stock had a trading volume of 2,508,408 shares, compared to its average volume of 3,967,899. The firm’s 50 day moving average is $51.84 and its 200 day moving average is $50.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.87 and a beta of 0.65. McCormick & Company, Incorporated has a twelve month low of $43.25 and a twelve month high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $25,000. Deseret Mutual Benefit Administrators grew its position in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Byrne Asset Management LLC purchased a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $30,000. Ancora Advisors LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $34,000. Finally, Union Savings Bank acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Trending Headlines about McCormick & Company, Incorporated

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick reported adjusted third-quarter earnings of $0.86 per share, exceeding the $0.76 consensus estimate, while revenue of $2.02 billion also topped expectations. Sales increased 17.4% year over year, helped by the McCormick de Mexico acquisition, organic growth and margin expansion. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: Adjusted operating margin improved to 17.7%, and management is targeting 100–120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen the balance sheet and reduce interest costs. McCormick Debt Paydown and Margin Plan
• Positive Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05–$3.13 in EPS and $7.7 billion–$8.0 billion in revenue. Investors may also view the pending Unilever foods merger, expected to close by mid-2026, as a potential source of longer-term growth. Shares trade at a depressed valuation with a dividend yield above 4%. McCormick Valuation, Dividend and Unilever Deal Upside
• Neutral Sentiment: The earnings beat was largely acquisition-driven. Organic growth was only 1.9%, indicating that underlying demand and pricing remain modest despite the stronger headline sales growth.
• Negative Sentiment: Reported net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier. Special charges related to integration and cost actions also caused reported operating margins to decline. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Stifel Nicolaus lowered its price target from $55 to $48 and maintained a “hold” rating, signaling limited upside from current levels and continued caution around McCormick’s growth outlook.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.