McCormick & Company, Incorporated (NYSE:MKC) Price Target Cut to $60.00 by Analysts at TD Cowen

McCormick & Company, Incorporated (NYSE:MKC) had its price objective decreased by investment analysts at TD Cowen from $64.00 to $60.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 18.18% from the company’s current price.

Several other brokerages have also recently commented on MKC. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. BTIG Research started coverage on shares of McCormick & Company, Incorporated in a report on Tuesday, April 14th. They issued a “neutral” rating for the company. Weiss Ratings downgraded shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Price Performance

NYSE MKC traded up $2.42 during trading hours on Friday, hitting $50.77. The company had a trading volume of 671,027 shares, compared to its average volume of 4,313,937. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.76. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 2.35 and a beta of 0.65. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $78.03. The firm has a 50 day simple moving average of $48.43 and a 200 day simple moving average of $58.02.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gavin Hattersley bought 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was acquired at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director directly owned 2,906 shares in the company, valued at $153,959.88. This trade represents a 220.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of McCormick & Company, Incorporated

Several institutional investors and hedge funds have recently made changes to their positions in MKC. Vanguard Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after acquiring an additional 314,252 shares during the last quarter. State Street Corp increased its stake in McCormick & Company, Incorporated by 5.1% in the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after acquiring an additional 747,844 shares during the last quarter. Aristotle Capital Management LLC increased its stake in McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after acquiring an additional 8,848,235 shares during the last quarter. Geode Capital Management LLC raised its position in McCormick & Company, Incorporated by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after purchasing an additional 59,587 shares in the last quarter. Finally, Invesco Ltd. raised its position in McCormick & Company, Incorporated by 3.1% during the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock valued at $437,467,000 after purchasing an additional 190,607 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Trending Headlines about McCormick & Company, Incorporated

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

• Positive Sentiment: Deutsche Bank raised its price target on MKC to $60 from $59 and reiterated a buy rating, signaling confidence in further upside after the earnings report. Benzinga
• Positive Sentiment: McCormick reported Q2 earnings of $0.80 per share, above estimates, and revenue of $1.94 billion, also ahead of expectations, while reaffirming its 2026 guidance. PR Newswire
• Positive Sentiment: Management highlighted margin strength, with gross margin expansion driven by pricing, mix, acquisitions, and cost savings, which supports profitability even in a tougher cost environment. MSN
• Positive Sentiment: Analysts and market reports noted stronger Flavor Solutions performance and organic sales growth, helping offset softer consumer spice demand and reinforcing the stock’s recent move higher. Zacks

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.