McCormick & Company, Incorporated (NYSE:MKC) Given Average Recommendation of “Hold” by Analysts

Shares of McCormick & Company, Incorporated (NYSE:MKC) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $60.50.

Several research firms have recently commented on MKC. TD Cowen reduced their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Barclays cut their price target on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Finally, Sanford C. Bernstein reduced their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $52.26 on Friday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.58. The company has a 50 day moving average of $50.11 and a 200 day moving average of $54.75. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a market cap of $14.05 billion, a P/E ratio of 8.70, a PEG ratio of 2.63 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Institutional Trading of McCormick & Company, Incorporated

Several hedge funds have recently bought and sold shares of MKC. Aristotle Capital Management LLC raised its position in McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after purchasing an additional 8,848,235 shares during the period. Invesco Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 66.7% during the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock worth $417,006,000 after acquiring an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP grew its position in McCormick & Company, Incorporated by 67.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. Diamant Asset Management Inc. increased its stake in McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $64,522,000. 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.