McCormick & Company, Incorporated (NYSE:MKC) Stock Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• McCormick shares fell below their 50-day moving average, trading as low as $47.72 and last at about $47.90, versus a 50-day average of $48.78.
• Analyst views remain mixed but lean toward a Hold: five analysts rate the stock Buy and eight Hold, with a consensus price target of $55.30. Several firms recently cut their targets.
• The company beat quarterly estimates, reporting EPS of $0.86 versus $0.76 expected and revenue of $2.02 billion, up 17.4% year over year. McCormick also reaffirmed FY2026 EPS guidance of $3.05–$3.13 and pays an annualized dividend of $1.92.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $48.78 and traded as low as $47.72. McCormick & Company, Incorporated shares last traded at $47.9030, with a volume of 2,803,586 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MKC shares. 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. Sanford C. Bernstein reiterated an "outperform" rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Stifel Nicolaus reduced their target price on McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, September 21st. Finally, Barclays decreased 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. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $55.30.

McCormick & Company, Incorporated Stock Performance

The stock's fifty day moving average price is $48.78 and its two-hundred day moving average price is $53.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The company has a market cap of $12.89 billion, a P/E ratio of 8.66, a P/E/G ratio of 2.06 and a beta of 0.66.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted 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. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 34.72%.

Insider Activity

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.60% of the company's stock.

Institutional Trading of McCormick & Company, Incorporated

Several institutional investors and hedge funds have recently modified their holdings of MKC. CFS Investment Advisory Services LLC increased its stake in shares of McCormick & Company, Incorporated by 2.8% in the third quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company's stock valued at $369,000 after buying an additional 224 shares during the period. Dorato Capital Management raised its position in shares of McCormick & Company, Incorporated by 5.4% during the third quarter. Dorato Capital Management now owns 4,588 shares of the company's stock worth $208,000 after acquiring an additional 235 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of McCormick & Company, Incorporated by 16.4% during the third quarter. CoreCap Advisors LLC now owns 1,738 shares of the company's stock worth $81,000 after acquiring an additional 245 shares during the last quarter. North Dakota State Investment Board lifted its stake in shares of McCormick & Company, Incorporated by 3.5% in the third quarter. North Dakota State Investment Board now owns 7,796 shares of the company's stock worth $362,000 after acquiring an additional 266 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of McCormick & Company, Incorporated by 3.6% in the second quarter. QRG Capital Management Inc. now owns 8,302 shares of the company's stock worth $419,000 after acquiring an additional 292 shares during the period. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Company Profile

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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