UBS Group Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $48.00

McCormick & Company, Incorporated (NYSE:MKC) had its price objective trimmed by UBS Group from $52.00 to $48.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on the company. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. 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 research report on Friday, September 18th. Jefferies Financial Group decreased their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $59.00 price objective on shares of McCormick & Company, Incorporated in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. 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 has a consensus rating of “Hold” and an average target price of $55.30.

McCormick & Company, Incorporated Stock Down 0.1%

MKC opened at $44.60 on Friday. The firm’s 50 day simple moving average is $51.73 and its two-hundred day simple moving average is $50.69. The company has a market capitalization of $11.99 billion, a PE ratio of 8.07, a PEG ratio of 1.80 and a beta of 0.65. McCormick & Company, Incorporated has a 1-year low of $43.25 and a 1-year high of $72.41. 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 data on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is currently 34.72%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’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 completion of the transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is owned by insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several institutional investors and hedge funds have recently modified their holdings of the stock. Aristotle Capital Management LLC increased its holdings in McCormick & Company, Incorporated by 231.9% in the 1st 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. XXEC Inc. purchased a new position in shares of McCormick & Company, Incorporated during the second quarter valued at about $154,566,000. Amundi grew its position in shares of McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after purchasing an additional 850,343 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of McCormick & Company, Incorporated by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock worth $113,047,000 after purchasing an additional 628,390 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares during the last quarter. 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 third-quarter adjusted EPS of $0.86, surpassing the $0.76 analyst consensus, while revenue rose 17.4% year over year to $2.02 billion versus expectations of $1.98 billion. Margin expansion, organic growth and contributions from the McCormick de Mexico acquisition supported the results. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: The company outlined a plan to repay $1.5 billion to $2 billion of debt within two years and is targeting 100 to 120 basis points of gross-margin expansion in 2026. Its valuation near multi-year lows and dividend yield above 4% may also appeal to income-oriented investors. McCormick Debt Paydown and Margin Plan
• Neutral Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05 to $3.13 in EPS and $7.7 billion to $8.0 billion in revenue, broadly consistent with Wall Street expectations. McCormick Reaffirms 2026 Guidance
• Negative Sentiment: Reported GAAP net income fell sharply to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting special charges related to integration and cost actions. Organic sales growth was only about 1.9%, leaving much of the headline growth dependent on acquisitions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Analysts lowered their targets: Barclays to $47 with an equal-weight rating, UBS to $48 with a neutral rating, TD Cowen to $48 with a hold rating, and Stifel to $48 with a hold rating. BNP Paribas Exane cut its target to $65 but retained an outperform rating. These revisions signal continued concerns about organic growth, execution and near-term earnings momentum.

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.