McCormick & Company, Incorporated (NYSE:MKC) Stock Falls 1.9% – Time to Sell?

McCormick & Company, Incorporated (NYSE:MKC) dropped 1.9% on Tuesday. The company traded as low as $47.72 and last traded at $47.9030. 2,801,948 shares changed hands during trading, a decline of 29% from the average daily volume of 3,973,397 shares. The stock had previously closed at $48.82.

Analysts Set New Price Targets

Several brokerages have issued reports on MKC. UBS Group dropped their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Stifel Nicolaus reduced 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, October 2nd. Sanford C. Bernstein reissued an “outperform” rating and set a $59.00 price target on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. TD Cowen reissued a “hold” rating and issued a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Finally, Barclays cut their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, October 2nd. 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, the stock presently has an average rating of “Hold” and an average target price of $55.30.

McCormick & Company, Incorporated Stock Down 1.9%

The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.95 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. The business has a fifty day moving average of $48.95 and a 200 day moving average of $53.45.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. McCormick & Company, Incorporated’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 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 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 34.72%.

Insiders Place Their Bets

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 value of $10,829,797.22. Following the sale, the insider owned 296,992 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Aristotle Capital Management LLC lifted its stake in McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after acquiring an additional 8,848,235 shares in the last quarter. XXEC Inc. purchased a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $154,566,000. ProShare Advisors LLC grew its position in McCormick & Company, Incorporated by 2.6% in the 3rd quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company’s stock valued at $149,514,000 after acquiring an additional 82,353 shares in the last quarter. Amundi grew its position in McCormick & Company, Incorporated by 72.5% in the 1st quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after acquiring an additional 850,343 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in McCormick & Company, Incorporated by 29.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 939,542 shares of the company’s stock valued at $47,390,000 after acquiring an additional 211,763 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.