Analysts Set McCormick & Company, Incorporated (NYSE:MKC) PT at $84.75

Key Points

• McCormick & Company, Incorporated (NYSE:MKC) has received a consensus rating of “Moderate Buy” from ten research firms, with an average twelve-month price target of $84.75.
• The company reported quarterly earnings of $0.69 EPS, beating estimates, and has set its FY 2025 guidance at 3.030-3.080 EPS.
• A quarterly dividend of $0.45 was recently paid, resulting in an annual yield of 2.5%, with a dividend payout ratio of 62.50%.

Shares of McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $84.25.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of McCormick & Company, Incorporated from a "neutral" rating to an "overweight" rating and raised their target price for the company from $69.00 to $83.00 in a research report on Wednesday, August 20th. UBS Group cut their price objective on shares of McCormick & Company, Incorporated from $83.00 to $79.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Wall Street Zen raised shares of McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Citigroup cut their price objective on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 17th. Finally, Stifel Nicolaus cut their price objective on shares of McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th.

Institutional Trading of McCormick & Company, Incorporated

Institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter worth approximately $25,000. Capital Analysts LLC acquired a new stake in McCormick & Company, Incorporated in the 1st quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in McCormick & Company, Incorporated in the 1st quarter worth approximately $28,000. Finally, Wayfinding Financial LLC acquired a new stake in McCormick & Company, Incorporated during the 1st quarter valued at approximately $30,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Up 0.5%

NYSE MKC traded up $0.37 during trading on Friday, reaching $70.70. 1,965,466 shares of the company's stock traded hands, compared to its average volume of 2,324,042. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.27. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 3.45 and a beta of 0.66. The company's 50 day simple moving average is $72.02 and its two-hundred day simple moving average is $75.28. McCormick & Company, Incorporated has a 12-month low of $68.23 and a 12-month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Thursday, June 26th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.030-3.080 EPS. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. McCormick & Company, Incorporated's payout ratio is presently 62.50%.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.