McCormick & Company, Incorporated (NYSE:MKC) Given New $60.00 Price Target at Deutsche Bank Aktiengesellschaft

McCormick & Company, Incorporated (NYSE:MKC) had its price objective boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $59.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 24.63% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. BNP Paribas Exane cut their target price on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $62.00.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $48.14 on Friday. The stock has a market cap of $12.94 billion, a P/E ratio of 7.89, a PEG ratio of 2.35 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $48.43 and its two-hundred day moving average price is $58.02. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $78.16.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.McCormick & Company, Incorporated’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gavin Hattersley acquired 2,000 shares of the stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This trade represents a 220.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after buying an additional 314,252 shares during the period. State Street Corp increased its position in shares of McCormick & Company, Incorporated by 5.1% in the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after acquiring an additional 747,844 shares during the period. Aristotle Capital Management LLC raised its stake in shares of McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after acquiring an additional 8,848,235 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of McCormick & Company, Incorporated by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after acquiring an additional 59,587 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of McCormick & Company, Incorporated by 3.1% during the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after purchasing an additional 190,607 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated News Summary

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

• Positive Sentiment: McCormick posted Q2 adjusted EPS of $0.80 versus estimates around $0.69-$0.70 and revenue of $1.94 billion versus expectations near $1.91 billion, signaling solid quarterly execution. Reuters article
• Positive Sentiment: Management reaffirmed FY 2026 guidance, which suggests the company sees the current performance as sustainable rather than a one-quarter boost. PR Newswire release
• Positive Sentiment: Gross margin expansion and pricing/mix benefits were a key takeaway from the earnings call, showing that McCormick is managing inflation and costs well even as input pressure remains. MSN article
• Neutral Sentiment: Analysts noted that organic growth was still modest, with much of the sales gain coming from acquisitions, foreign exchange, pricing and mix rather than broad-based volume growth. Seeking Alpha review
• Negative Sentiment: Despite the beat, some commentary remains cautious on MKC’s longer-term growth outlook, since organic sales momentum is still relatively soft. Seeking Alpha review

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.