McCormick & Company, Incorporated (MKC) – What Are Analysts Thinking About This Stock?

Shares of McCormick & Company, Incorporated (NYSE:MKC) have earned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $55.30.

MKC has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. TD Cowen reiterated a “hold” rating and issued a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Sanford C. Bernstein reissued an “outperform” rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Finally, Deutsche Bank dropped their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock traded up $0.57 during mid-day trading on Friday, hitting $46.98. 1,955,956 shares of the company’s stock traded hands, compared to its average volume of 3,748,899. The firm has a 50 day moving average price of $47.78 and a 200 day moving average price of $52.68. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $12.64 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. McCormick & Company, Incorporated has a one year low of $43.25 and a one year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were issued a $0.48 dividend. The ex-dividend date was Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 4.1%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MKC. Investors Research Corp acquired a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $1,152,000. Viking Fund Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 9.9% during the 3rd quarter. Viking Fund Management LLC now owns 368,000 shares of the company’s stock valued at $17,075,000 after buying an additional 33,000 shares during the last quarter. Rockland Trust Co. lifted its holdings in shares of McCormick & Company, Incorporated by 6.2% during the 3rd quarter. Rockland Trust Co. now owns 393,414 shares of the company’s stock valued at $18,254,000 after buying an additional 22,991 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $1,331,000. Finally, XXEC Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $154,566,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets and distributes spices, herbs, seasonings, condiments and other flavor products. Its offerings include individual spices and herbs, seasoning blends, extracts, sauces and hot sauces sold under brands such as McCormick, French’s, Frank’s RedHot, OLD BAY and Cholula. The company serves consumers through retail stores and e-commerce, and supplies flavor products and solutions to food service businesses and food and beverage manufacturers. Its products are sold in markets around the world.