McCormick & Company, Incorporated (NYSE:MKC) Reaches New 52-Week Low – Should You Sell?

McCormick & Company, Incorporated (NYSE:MKC) shares hit a new 52-week low on Thursday . The stock traded as low as $59.03 and last traded at $59.4860, with a volume of 450088 shares changing hands. The stock had previously closed at $59.93.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Zacks Research downgraded McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday. TD Cowen reduced their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. UBS Group decreased their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Price Performance

The firm has a fifty day moving average of $66.64 and a two-hundred day moving average of $66.84. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $16.00 billion, a PE ratio of 20.41, a PEG ratio of 3.54 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the transaction, the insider owned 296,992 shares in the company, valued at approximately $21,273,536.96. The trade was a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last three months. 10.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MKC. Aristotle Capital Management LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter worth $259,918,000. Norges Bank bought a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $249,087,000. Invesco Ltd. lifted its position in McCormick & Company, Incorporated by 66.7% during the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares during the period. Wellington Management Group LLP boosted its stake in McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after acquiring an additional 1,124,003 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $64,522,000. 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.