McCormick & Company, Incorporated (NYSE:MKC) Downgraded to Hold Rating by TD Cowen

McCormick & Company, Incorporated (NYSE:MKC) was downgraded by TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Briefing.com reports. They presently have a $55.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 7.11% from the stock’s current price.

Other analysts have also recently issued research reports about the company. UBS Group lifted their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Jefferies Financial Group cut their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein dropped their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.00.

McCormick & Company, Incorporated Trading Up 0.1%

Shares of McCormick & Company, Incorporated stock opened at $51.35 on Monday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.41. The firm has a market cap of $13.81 billion, a PE ratio of 8.54, a P/E/G ratio of 2.02 and a beta of 0.64. The business’s fifty day moving average is $52.84 and its two-hundred day moving average is $52.45. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts anticipate that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of McCormick & Company, Incorporated

A number of institutional investors have recently modified their holdings of MKC. Parvin Asset Management LLC acquired a new position in McCormick & Company, Incorporated during the second quarter valued at approximately $25,000. Deseret Mutual Benefit Administrators increased its position in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $28,000. Byrne Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $30,000. Finally, Zions Bancorporation National Association UT raised its stake in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after acquiring an additional 357 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE:MKC) is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company’s consumer brands include McCormick, French’s, Frank’s RedHot, Lawry’s, Old Bay and Gourmet Garden, among others.