Deutsche Bank Aktiengesellschaft Has Lowered Expectations for McCormick & Company, Incorporated (NYSE:MKC) Stock Price

McCormick & Company, Incorporated (NYSE:MKC) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $70.00 to $59.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 10.44% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. HSBC cut their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $78.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Finally, UBS Group cut their price objective on shares of McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.60.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock traded up $0.35 on Monday, reaching $53.42. The stock had a trading volume of 1,948,845 shares, compared to its average volume of 3,939,971. McCormick & Company, Incorporated has a 12 month low of $51.29 and a 12 month high of $83.15. The firm has a market capitalization of $14.34 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 3.11 and a beta of 0.58. The firm’s 50-day moving average is $63.62 and its two-hundred day moving average is $65.51. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

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

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the 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 owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director directly owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock worth $7,947,300 in the last 90 days. Company insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds have recently bought and sold shares of MKC. Aristotle Capital Management LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $259,918,000. Norges Bank acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $249,087,000. Invesco Ltd. raised its position in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $64,522,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Company Profile

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.