Deutsche Bank Aktiengesellschaft Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $59.00

McCormick & Company, Incorporated (NYSE:MKC) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $59.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.44% from the company’s previous close.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $78.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. TD Cowen dropped their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Zacks Research downgraded McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. HSBC decreased their price objective on 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. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.60.

McCormick & Company, Incorporated Trading Up 0.7%

NYSE MKC traded up $0.35 on Monday, hitting $53.42. 1,948,845 shares of the company were exchanged, compared to its average volume of 3,939,971. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a twelve month low of $51.29 and a twelve month high of $83.15. The firm has a market capitalization of $14.34 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 3.11 and a beta of 0.58. The company’s 50 day moving average price is $63.62 and its 200-day moving average price is $65.51.

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). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue was up 2.9% on a year-over-year basis. During the same period 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. Analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction 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. The trade was a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This trade represents a 14.41% 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 sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after acquiring an additional 925 shares during the last quarter. Empowered Funds LLC boosted its stake in McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after purchasing an additional 941 shares during the period. Woodline Partners LP boosted its position in McCormick & Company, Incorporated by 40.9% during the 1st 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 during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth approximately $27,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of McCormick & Company, Incorporated by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 248,230 shares of the company’s stock worth $18,821,000 after buying an additional 961 shares during the last quarter. 79.74% of the stock is owned by 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.