Barclays Has Lowered Expectations for McCormick & Company, Incorporated (NYSE:MKC) Stock Price

McCormick & Company, Incorporated (NYSE:MKC) had its target price cut by research analysts at Barclays from $55.00 to $47.00 in a report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 5.37% from the company’s current price.

A number of other equities research analysts have also weighed in on MKC. Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a report on Friday. Jefferies Financial Group decreased their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Sanford C. Bernstein restated an “outperform” rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a research note on Friday. BNP Paribas Exane dropped their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Stock Up 1.0%

Shares of NYSE MKC traded up $0.46 on Friday, hitting $44.60. The company had a trading volume of 5,442,195 shares, compared to its average volume of 3,976,146. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41. The business has a 50 day moving average of $51.84 and a two-hundred day moving average of $50.78. 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 firm has a market capitalization of $11.99 billion, a P/E ratio of 7.42, a PEG 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, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction 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 sale, the insider owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MKC. QRG Capital Management Inc. raised its position in shares of McCormick & Company, Incorporated by 3.6% during the second quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock valued at $419,000 after buying an additional 292 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings 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 valued at $541,000 after acquiring an additional 4,705 shares in the last quarter. Tidal Investments LLC lifted its position in shares of McCormick & Company, Incorporated by 71.9% in the 2nd quarter. Tidal Investments LLC now owns 61,954 shares of the company’s stock worth $3,124,000 after acquiring an additional 25,922 shares during the period. National Pension Service acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth approximately $1,726,000. Finally, NewEdge Advisors LLC increased its position in shares of McCormick & Company, Incorporated by 110.5% during the second 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 during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting McCormick & Company, Incorporated

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

• Positive Sentiment: Adjusted earnings and revenue beat expectations: Third-quarter adjusted EPS was $0.86, exceeding the $0.76 consensus, while revenue reached $2.02 billion versus estimates of $1.98 billion. Revenue rose 17.4% year over year, supported by the McCormick de Mexico acquisition, organic growth and margin expansion. McCormick quarterly profit beats as margins expand, Mexico deal adds to sales
• Positive Sentiment: Cost improvements and deleveraging could support future results: Management is targeting 100–120 basis points of gross-margin expansion in 2026 and plans to pay down $1.5 billion–$2 billion of debt within two years. The pending Unilever Foods transaction is also viewed as a potential source of additional growth and synergies. McCormick debt paydown and margin expansion plan
• Positive Sentiment: Valuation and dividend appeal remain supportive: McCormick trades near multi-year lows at approximately 15 times current-year earnings and offers a dividend yield above 4%, potentially attracting value- and income-focused investors. McCormick valuation, dividend and Unilever deal outlook
• Neutral Sentiment: Fiscal 2026 guidance was reaffirmed: EPS guidance remains $3.05–$3.13 and revenue guidance is $7.7 billion–$8.0 billion, broadly consistent with analyst expectations. McCormick third-quarter results and 2026 outlook
• Negative Sentiment: Reported profit fell sharply: GAAP net income declined to $97.6 million from $225.5 million a year earlier, reflecting integration and cost-action charges. Organic sales growth was only 1.9%, suggesting much of the headline growth came from acquisitions. McCormick posts lower profit on higher sales
• Negative Sentiment: Analysts reduced price targets: BNP Paribas Exane cut its target to $65 but retained an “outperform” rating, while Stifel lowered its target to $48 with a “hold” rating. TD Cowen also reduced its target to $48 and maintained “hold,” signaling limited near-term conviction.

About McCormick & Company, Incorporated

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.