McCormick & Company, Incorporated (NYSE:MKC) Stock Has Average Target Price of $55.30 According to Brokerages

Key Points

• Analyst sentiment is mixed: Thirteen analysts rate McCormick “Hold” on average—eight holds and five buys—with a consensus 12-month price target of $55.30.
• Recent broker updates included several target cuts, including Barclays to $47 and TD Cowen to $48, while JPMorgan maintained an overweight rating with a $62 target.
• McCormick beat quarterly estimates, reporting EPS of $0.86 versus $0.76 expected and revenue up 17.4% year over year. It also declared a $0.48 quarterly dividend, equivalent to a 4.1% yield at the reported share price.

Shares of McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) have been given a consensus rating of "Hold" by the thirteen analysts that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $55.30.

A number of analysts have recently weighed in on the company. Barclays dropped their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Friday, October 2nd. Weiss Ratings raised McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, October 23rd. BNP Paribas Exane reduced their price objective on McCormick & Company, Incorporated from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, October 2nd. TD Cowen restated a "hold" rating and set a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a research note on Friday, September 18th.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC traded up $0.57 during midday trading on Friday, hitting $46.98. The company's stock had a trading volume of 1,955,956 shares, compared to its average volume of 3,748,899. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. McCormick & Company, Incorporated has a 1-year low of $43.25 and a 1-year high of $72.41. The firm's fifty day moving average price is $47.78 and its 200-day moving average price is $52.68. The firm has a market cap of $12.64 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.96 and a beta of 0.66.

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

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 4.1%. McCormick & Company, Incorporated's payout ratio is 34.72%.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Institutional investors have recently modified their holdings of the company. Aristotle Capital Management LLC boosted its stake in McCormick & Company, Incorporated by 231.9% during the 1st 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. Boston Partners increased its stake in shares of McCormick & Company, Incorporated by 19.3% in the third quarter. Boston Partners now owns 8,625,266 shares of the company's stock valued at $400,198,000 after purchasing an additional 1,395,064 shares during the period. XXEC Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $154,566,000. ProShare Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 2.6% in the third quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company's stock valued at $149,514,000 after purchasing an additional 82,353 shares during the period. Finally, Amundi raised its holdings in shares of McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company's stock valued at $102,068,000 after buying an additional 850,343 shares during the last quarter. Institutional investors 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.

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