Barclays Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $67.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective lowered by Barclays from $72.00 to $67.00 in a research note released on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on MKC. HSBC lowered their target price on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Finally, TD Cowen dropped their price objective 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. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $61.79 on Monday. The firm has a market capitalization of $16.58 billion, a PE ratio of 21.09, a PEG ratio of 4.05 and a beta of 0.62. The company’s 50-day moving average is $66.52 and its 200-day moving average is $67.58. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. 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 (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 EPS 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 company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. The ex-dividend date was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.1%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 65.53%.

Insider Buying and Selling

In other news, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total value of $3,746,360.64. Following the transaction, the chief executive officer owned 108,652 shares in the company, valued at approximately $7,123,225.12. This trade represents a 34.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,158 shares of company stock worth $9,635,824 over the last three months. 23.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock worth $246,000 after buying an additional 148 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in McCormick & Company, Incorporated by 0.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock valued at $1,443,000 after acquiring an additional 157 shares during the last quarter. Ransom Advisory Ltd raised its holdings in McCormick & Company, Incorporated by 3.6% in the 4th quarter. Ransom Advisory Ltd now owns 4,625 shares of the company’s stock valued at $315,000 after acquiring an additional 160 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of McCormick & Company, Incorporated by 13.2% during the 2nd quarter. ORG Partners LLC now owns 1,484 shares of the company’s stock worth $115,000 after purchasing an additional 173 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC grew its position in shares of McCormick & Company, Incorporated by 1.0% in the second quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock valued at $1,450,000 after purchasing an additional 181 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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.