McCormick & Company, Incorporated (NYSE:MKC) Price Target Raised to $78.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $72.00 to $78.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.88% from the company’s current price.

Other analysts have also issued reports about the stock. Jefferies Financial Group upped their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. HSBC dropped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. 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 report on Monday, December 15th. Finally, UBS Group decreased their price target on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $73.90.

McCormick & Company, Incorporated Stock Up 0.0%

Shares of NYSE MKC traded up $0.00 during midday trading on Wednesday, hitting $68.49. The company’s stock had a trading volume of 3,804,739 shares, compared to its average volume of 3,966,761. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.38 and a beta of 0.61. The business’s fifty day simple moving average is $67.07 and its two-hundred day simple moving average is $67.14. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter 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, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at $21,273,536.96. This represents a 14.41% 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 the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the transaction, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 115,000 shares of company stock worth $7,947,300. 23.80% of the stock is owned by insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently made changes to their positions in MKC. Bank of Jackson Hole Trust purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new position in McCormick & Company, Incorporated in the 3rd quarter valued at $28,000. GoalVest Advisory LLC acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at $28,000. Finally, Deseret Mutual Benefit Administrators raised its position in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

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.