McCormick & Company, Incorporated (NYSE:MKC) Stock Has Consensus Target Price of $59.80 According to Analysts

Shares of McCormick & Company, Incorporated (NYSE:MKC) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $55.30.

MKC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Barclays dropped 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. BNP Paribas Exane cut their price objective on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group decreased their price objective on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th.

Key McCormick & Company, Incorporated News

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

• Positive Sentiment: McCormick reported third-quarter adjusted EPS of $0.86, surpassing the $0.76 analyst consensus, while revenue rose 17.4% year over year to $2.02 billion versus expectations of $1.98 billion. Margin expansion, organic growth and contributions from the McCormick de Mexico acquisition supported the results. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: The company outlined a plan to repay $1.5 billion to $2 billion of debt within two years and is targeting 100 to 120 basis points of gross-margin expansion in 2026. Its valuation near multi-year lows and dividend yield above 4% may also appeal to income-oriented investors. McCormick Debt Paydown and Margin Plan
• Neutral Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05 to $3.13 in EPS and $7.7 billion to $8.0 billion in revenue, broadly consistent with Wall Street expectations. McCormick Reaffirms 2026 Guidance
• Negative Sentiment: Reported GAAP net income fell sharply to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting special charges related to integration and cost actions. Organic sales growth was only about 1.9%, leaving much of the headline growth dependent on acquisitions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Analysts lowered their targets: Barclays to $47 with an equal-weight rating, UBS to $48 with a neutral rating, TD Cowen to $48 with a hold rating, and Stifel to $48 with a hold rating. BNP Paribas Exane cut its target to $65 but retained an outperform rating. These revisions signal continued concerns about organic growth, execution and near-term earnings momentum.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC opened at $44.60 on Friday. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.78 and a beta of 0.65. The firm’s 50 day simple moving average is $51.73 and its 200 day simple moving average is $50.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.39. McCormick & Company, Incorporated has a fifty-two week low of $43.25 and a fifty-two week high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly 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 quarter in the previous year, the business earned $0.85 EPS. The firm’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. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other 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 transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently made changes to their positions in MKC. Aristotle Capital Management LLC grew its position in McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after purchasing an additional 8,848,235 shares in the last quarter. XXEC Inc. bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth about $154,566,000. Diamant Asset Management Inc. lifted its position in McCormick & Company, Incorporated by 4,848.6% during the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after buying an additional 1,025,480 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $64,522,000. Finally, Norges Bank acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $62,711,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

About McCormick & Company, Incorporated

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.