BNP Paribas Exane Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $65.00

McCormick & Company, Incorporated (NYSE:MKC) had its price target lowered by BNP Paribas Exane from $75.00 to $65.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BNP Paribas Exane’s price objective would suggest a potential upside of 45.60% from the company’s previous close.

Several other equities analysts also recently weighed in on MKC. Jefferies Financial Group reduced their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. TD Cowen reiterated a “hold” rating and set a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. Finally, Stifel Nicolaus decreased their price target on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average price target of $56.50.

McCormick & Company, Incorporated Trading Up 1.1%

Shares of MKC traded up $0.50 during trading hours on Friday, hitting $44.64. The company had a trading volume of 2,508,408 shares, compared to its average volume of 3,967,899. McCormick & Company, Incorporated has a 52-week low of $43.25 and a 52-week high of $72.41. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $51.84 and its 200 day moving average price is $50.78. The firm has a market cap of $12.00 billion, a P/E ratio of 7.44, a P/E/G ratio of 1.87 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company posted $0.85 EPS. McCormick & Company, Incorporated’s quarterly revenue was up 17.4% compared to the same quarter last year. 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 3.08 EPS for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is currently owned by insiders.

Institutional Trading of McCormick & Company, Incorporated

Large investors have recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in McCormick & Company, Incorporated by 3.6% in the second quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock worth $419,000 after acquiring an additional 292 shares during the period. Sequoia Financial Advisors LLC raised its stake in McCormick & Company, Incorporated by 78.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,729 shares of the company’s stock worth $541,000 after acquiring an additional 4,705 shares during the last quarter. Tidal Investments LLC raised its position in McCormick & Company, Incorporated by 71.9% during the 2nd quarter. Tidal Investments LLC now owns 61,954 shares of the company’s stock worth $3,124,000 after buying an additional 25,922 shares during the last quarter. National Pension Service acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth about $1,726,000. Finally, NewEdge Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated by 110.5% during the 2nd quarter. NewEdge Advisors LLC now owns 45,868 shares of the company’s stock valued at $2,313,000 after purchasing an additional 24,076 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

More McCormick & Company, Incorporated News

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick reported adjusted third-quarter earnings of $0.86 per share, exceeding the $0.76 consensus estimate, while revenue of $2.02 billion also topped expectations. Sales increased 17.4% year over year, helped by the McCormick de Mexico acquisition, organic growth and margin expansion. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: Adjusted operating margin improved to 17.7%, and management is targeting 100–120 basis points of gross-margin expansion in 2026. The company also outlined plans to repay $1.5 billion to $2 billion of debt within two years, which could strengthen the balance sheet and reduce interest costs. McCormick Debt Paydown and Margin Plan
• Positive Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05–$3.13 in EPS and $7.7 billion–$8.0 billion in revenue. Investors may also view the pending Unilever foods merger, expected to close by mid-2026, as a potential source of longer-term growth. Shares trade at a depressed valuation with a dividend yield above 4%. McCormick Valuation, Dividend and Unilever Deal Upside
• Neutral Sentiment: The earnings beat was largely acquisition-driven. Organic growth was only 1.9%, indicating that underlying demand and pricing remain modest despite the stronger headline sales growth.
• Negative Sentiment: Reported net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier. Special charges related to integration and cost actions also caused reported operating margins to decline. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Stifel Nicolaus lowered its price target from $55 to $48 and maintained a “hold” rating, signaling limited upside from current levels and continued caution around McCormick’s growth outlook.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.