McCormick & Company, Incorporated (NYSE:MKC) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst sentiment is mixed: Thirteen brokerages give McCormick an average “Hold” rating, with seven holds and six buys. The average 12-month price target is $60.50, above the stock’s recent price of $52.26.
• Quarterly results beat expectations: McCormick reported $0.80 in adjusted EPS versus the $0.69 consensus estimate, while revenue rose 16.7% year over year to $1.94 billion. The company guided for fiscal 2026 EPS of $3.05 to $3.13.
• Shareholder returns remain a focus: The company paid a quarterly dividend of $0.48 per share, equivalent to a 3.7% annualized yield, while institutional investors own approximately 79.74% of outstanding shares.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) has been assigned an average rating of "Hold" from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.50.

A number of equities research analysts have recently issued reports on MKC shares. Sanford C. Bernstein cut their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, June 12th. TD Cowen cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, June 26th. Finally, Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, June 4th.

Institutional Trading of McCormick & Company, Incorporated

Several large investors have recently added to or reduced their stakes in MKC. Deseret Mutual Benefit Administrators raised its holdings in McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company's stock worth $28,000 after purchasing an additional 164 shares in the last quarter. Motiv8 Investments LLC bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $28,000. Byrne Asset Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $30,000. Zions Bancorporation National Association UT increased its stake in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company's stock worth $31,000 after acquiring an additional 357 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $36,000. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $52.26 on Friday. The company's fifty day moving average price is $50.11 and its 200-day moving average price is $54.75. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.63 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company's revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

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

McCormick & Company, Incorporated Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source