McCormick & Company, Incorporated (NYSE:MKC) Hits New 12-Month Low – Here’s What Happened

McCormick & Company, Incorporated (NYSE:MKC)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $56.40 and last traded at $56.5470, with a volume of 149806 shares changing hands. The stock had previously closed at $57.08.

Wall Street Analysts Forecast Growth

MKC has been the subject of a number of recent research reports. Jefferies Financial Group increased their price target on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Stifel Nicolaus reduced their target price 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. TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Finally, Barclays lowered their price target on 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. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $74.10.

McCormick & Company, Incorporated Trading Down 1.8%

The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $65.43 and a two-hundred day moving average of $66.29. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 3.21 and a beta of 0.59.

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

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the sale, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last quarter. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of McCormick & Company, Incorporated by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after buying an additional 925 shares in the last quarter. Empowered Funds LLC raised its position in McCormick & Company, Incorporated by 19.0% in the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares in the last quarter. Woodline Partners LP raised its position in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after acquiring an additional 6,189 shares in the last quarter. Creative Planning lifted its holdings in McCormick & Company, Incorporated by 25.3% in the second quarter. Creative Planning now owns 91,841 shares of the company’s stock valued at $6,963,000 after acquiring an additional 18,569 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in McCormick & Company, Incorporated by 11.0% in the second quarter. Cetera Investment Advisers now owns 36,904 shares of the company’s stock valued at $2,798,000 after acquiring an additional 3,661 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

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.