Barclays Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $47.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective reduced by Barclays from $55.00 to $47.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also commented on MKC. Deutsche Bank Aktiengesellschaft lowered their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. TD Cowen reaffirmed a “hold” rating and set a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a report on Friday. BNP Paribas Exane decreased their target price on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Finally, UBS Group lowered their price target on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $44.60 on Friday. McCormick & Company, Incorporated has a 52-week low of $43.25 and a 52-week high of $72.41. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $11.99 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.80 and a beta of 0.65. The business has a 50-day simple moving average of $51.73 and a 200-day simple moving average of $50.69.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%.McCormick & Company, Incorporated’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be given a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is 34.72%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 10.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of institutional investors have recently added to or reduced their stakes in the stock. CX Institutional increased its holdings in McCormick & Company, Incorporated by 16.6% in the 3rd quarter. CX Institutional now owns 3,372 shares of the company’s stock worth $156,000 after acquiring an additional 481 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in McCormick & Company, Incorporated by 3.6% during the second quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock valued at $419,000 after purchasing an additional 292 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in McCormick & Company, Incorporated by 78.1% during the second quarter. Sequoia Financial Advisors LLC now owns 10,729 shares of the company’s stock valued at $541,000 after purchasing an additional 4,705 shares in the last quarter. Tidal Investments LLC lifted its holdings in McCormick & Company, Incorporated by 71.9% during the second quarter. Tidal Investments LLC now owns 61,954 shares of the company’s stock valued at $3,124,000 after purchasing an additional 25,922 shares in the last quarter. Finally, National Pension Service acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $1,726,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Key McCormick & Company, Incorporated News

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

• Positive Sentiment: McCormick reported third-quarter adjusted EPS of $0.86, surpassing the $0.76 analyst consensus, while revenue rose 17.4% year over year to $2.02 billion versus expectations of $1.98 billion. Margin expansion, organic growth and contributions from the McCormick de Mexico acquisition supported the results. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: The company outlined a plan to repay $1.5 billion to $2 billion of debt within two years and is targeting 100 to 120 basis points of gross-margin expansion in 2026. Its valuation near multi-year lows and dividend yield above 4% may also appeal to income-oriented investors. McCormick Debt Paydown and Margin Plan
• Neutral Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05 to $3.13 in EPS and $7.7 billion to $8.0 billion in revenue, broadly consistent with Wall Street expectations. McCormick Reaffirms 2026 Guidance
• Negative Sentiment: Reported GAAP net income fell sharply to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting special charges related to integration and cost actions. Organic sales growth was only about 1.9%, leaving much of the headline growth dependent on acquisitions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Analysts lowered their targets: Barclays to $47 with an equal-weight rating, UBS to $48 with a neutral rating, TD Cowen to $48 with a hold rating, and Stifel to $48 with a hold rating. BNP Paribas Exane cut its target to $65 but retained an outperform rating. These revisions signal continued concerns about organic growth, execution and near-term earnings momentum.

McCormick & Company, Incorporated Company Profile

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.