McCormick & Company, Incorporated (NYSE:MKC) Stock Jumps 2.1% – What’s Next?

McCormick & Company, Incorporated (NYSE:MKC) shares traded up 2.1% during trading on Thursday. The stock traded as high as $46.84 and last traded at $45.7270. 5,301,940 shares traded hands during trading, an increase of 32% from the average daily volume of 4,001,547 shares. The stock had previously closed at $44.80.

Analyst Upgrades and Downgrades

MKC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, September 21st. Stifel Nicolaus lowered 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, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. UBS Group reduced their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Finally, TD Cowen reissued a “hold” rating and issued a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $55.30.

McCormick & Company, Incorporated Trading Up 2.1%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The stock has a market cap of $12.30 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.65. The company’s 50-day moving average price is $50.72 and its 200 day moving average price is $50.22.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. The business 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%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.2%. McCormick & Company, Incorporated’s dividend payout ratio is presently 34.72%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated 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 sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at $25,000. Union Savings Bank acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth about $36,000. Byrne Asset Management LLC acquired a new position in McCormick & Company, Incorporated during the 2nd quarter worth about $30,000. Ancora Advisors LLC purchased a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $34,000. Finally, Essential Partners LLC boosted its holdings in McCormick & Company, Incorporated by 146.5% during the 1st quarter. Essential Partners LLC now owns 742 shares of the company’s stock valued at $37,000 after acquiring an additional 441 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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.