McCormick & Company, Incorporated (NYSE:MKC) Stock Price Target Lowered at Stifel Nicolaus

McCormick & Company, Incorporated (NYSE:MKC) had its price target decreased by equities researchers at Stifel Nicolaus from $55.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 8.55% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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. Barclays cut their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Sanford C. Bernstein reduced their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, TD Cowen cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and decreased their target price for the stock from $60.00 to $55.00 in a report on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus price target of $59.10.

McCormick & Company, Incorporated Stock Down 4.7%

Shares of MKC stock opened at $44.22 on Friday. McCormick & Company, Incorporated has a 1 year low of $43.94 and a 1 year high of $72.41. The stock has a market cap of $11.89 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 1.87 and a beta of 0.65. The business’s fifty day moving average is $51.84 and its 200-day moving average is $50.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s 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. Equities analysts expect that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aristotle Capital Management LLC lifted its stake 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 worth $638,795,000 after acquiring an additional 8,848,235 shares in the last quarter. XXEC Inc. purchased a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $154,566,000. Amundi grew its stake in 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 acquiring an additional 850,343 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of McCormick & Company, Incorporated by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after purchasing an additional 628,390 shares during the period. Finally, Diamant Asset Management Inc. increased its holdings in shares of 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 valued at $52,792,000 after purchasing an additional 1,025,480 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated News Summary

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: Quarterly results exceeded expectations: Adjusted EPS was $0.86 versus the $0.76 consensus estimate, while revenue increased 17.4% year over year to $2.02 billion, above expectations of $1.98 billion. The earnings beat was supported by margin expansion, organic sales growth and contributions from the McCormick de Mexico acquisition. McCormick quarterly profit beats as margins expand, Mexico deal adds to sales
• Positive Sentiment: Profitability improved on an adjusted basis: Adjusted operating margin expanded to 17.7%, and management is targeting 100 to 120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen its balance sheet and reduce financing pressure. McCormick debt paydown and margin plan
• Neutral Sentiment: Full-year outlook was reaffirmed: McCormick maintained fiscal 2026 adjusted EPS guidance of $3.05 to $3.13 and revenue guidance of $7.7 billion to $8.0 billion, broadly in line with analyst expectations. This reduces the risk of a guidance cut but provides limited evidence of an upside revision. McCormick third-quarter results and outlook
• Negative Sentiment: Reported net income declined sharply: GAAP net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting integration and cost-action charges. Organic sales growth was only 1.9%, indicating that much of the reported growth came from acquisitions rather than core demand. McCormick third-quarter review

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.