JPMorgan Chase & Co. Forecasts Strong Price Appreciation for McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated (NYSE:MKC) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $72.00 to $78.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.88% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. HSBC lowered their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, December 15th. Finally, Jefferies Financial Group raised their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.90.

McCormick & Company, Incorporated Trading Up 0.0%

NYSE MKC traded up $0.00 during mid-day trading on Wednesday, reaching $68.49. 3,804,739 shares of the stock were exchanged, compared to its average volume of 3,966,761. The stock has a market capitalization of $18.39 billion, a PE ratio of 23.38, a PEG ratio of 4.38 and a beta of 0.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The business’s fifty day simple moving average is $67.07 and its 200 day simple moving average is $67.14.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $21,273,536.96. The trade was a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 115,000 shares of company stock worth $7,947,300. 23.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors have recently bought and sold shares of the business. Aristotle Capital Management LLC acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at approximately $259,918,000. Norges Bank bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at $249,087,000. Invesco Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after purchasing an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of McCormick & Company, Incorporated by 67.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $64,522,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

About McCormick & Company, Incorporated

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.