McCormick & Company, Incorporated (NYSE:MKC) Stock Now Rated "Hold" by Sell-Side Brokerages

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) has earned an average recommendation of "Hold" from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $55.30.

Several research firms have recently commented on MKC. JPMorgan Chase & Co. decreased their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating on the stock in a research note on Friday, September 18th. BNP Paribas Exane dropped their price target on shares of 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. Weiss Ratings cut shares of McCormick & Company, Incorporated from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 9th. Sanford C. Bernstein restated an "outperform" rating and set a $59.00 price objective on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Finally, TD Cowen restated a "hold" rating and set a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd.

McCormick & Company, Incorporated Stock Performance

MKC opened at $47.54 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.94 and a beta of 0.65. The company's 50 day moving average is $50.21 and its 200 day moving average is $50.08. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.85 earnings per share. The firm's quarterly revenue 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 research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio is presently 34.72%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares of the company's stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.60% of the company's stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Several large investors have recently made changes to their positions in MKC. Aristotle Capital Management LLC increased its holdings in McCormick & Company, Incorporated by 231.9% in the 1st 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. XXEC Inc. purchased a new stake in McCormick & Company, Incorporated in the 2nd quarter worth $154,566,000. Diamant Asset Management Inc. lifted its stake in McCormick & Company, Incorporated by 4,848.6% in the 1st 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 in the last quarter. Amundi boosted its holdings in shares of McCormick & Company, Incorporated by 72.5% during the 1st quarter. Amundi now owns 2,023,544 shares of the company's stock valued at $102,068,000 after purchasing an additional 850,343 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 330.3% during the 1st quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company's stock valued at $35,051,000 after purchasing an additional 533,437 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French's, Frank's RedHot, Lawry's, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.

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