McCormick & Company, Incorporated (NYSE:MKC) Stock Jumps 1.2% – Time to Buy?

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded up 1.2% on Friday. The stock traded as high as $47.97 and last traded at $47.34. 4,298,719 shares changed hands during trading, an increase of 8% from the average daily volume of 3,986,740 shares. The stock had previously closed at $46.80.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MKC. JPMorgan Chase & Co. lowered 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. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, October 2nd. Sanford C. Bernstein restated an “outperform” rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Finally, UBS Group cut their price target on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.30.

McCormick & Company, Incorporated Stock Up 1.2%

The business’s fifty day moving average price is $49.24 and its 200 day moving average price is $53.64. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 1.95 and a beta of 0.65. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $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, equities analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 4.1%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 34.72%.

Insiders Place Their Bets

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of large investors have recently bought and sold shares of MKC. Investors Research Corp purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $1,152,000. Y Intercept Hong Kong Ltd purchased a new position in McCormick & Company, Incorporated during the first quarter worth about $11,882,000. Trust Co. of Vermont purchased a new position in McCormick & Company, Incorporated during the second quarter worth about $1,331,000. XXEC Inc. acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at about $154,566,000. Finally, Weiss Asset Management LP acquired a new stake in McCormick & Company, Incorporated in the first quarter valued at about $2,955,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

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.