McCormick & Company, Incorporated (NYSE:MKC) Hits New 1-Year Low – Here’s Why

McCormick & Company, Incorporated (NYSE:MKC)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $59.03 and last traded at $59.4860, with a volume of 450088 shares changing hands. The stock had previously closed at $59.93.

Analyst Ratings Changes

A number of research firms have weighed in on MKC. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday. Barclays dropped their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group lifted their target price on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, TD Cowen decreased their price target on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Stock Performance

The firm has a market capitalization of $16.00 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The stock has a fifty day simple moving average of $66.64 and a two-hundred day simple moving average of $66.84.

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

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. The trade was a 16.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,000 shares of company stock worth $7,947,300 over the last 90 days. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Union Savings Bank bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $36,000. Hsbc Holdings PLC lifted its position in shares of McCormick & Company, Incorporated by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after acquiring an additional 47,119 shares in the last quarter. Mengis Capital Management Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 467.1% in the fourth quarter. Mengis Capital Management Inc. now owns 63,200 shares of the company’s stock worth $4,305,000 after acquiring an additional 52,055 shares during the period. Bayban purchased a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of McCormick & Company, Incorporated by 1,429.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,004 shares of the company’s stock valued at $136,000 after purchasing an additional 1,873 shares during the period. Institutional investors own 79.74% of the company’s stock.

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.