JPMorgan Chase & Co. Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $62.00

21 Sep 2026, 05:42 by Mitch Edgeman · The Markets Daily

McCormick & Company, Incorporated (NYSE:MKC – Free Report) had its target price trimmed by JPMorgan Chase & Co. from $63.00 to $62.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

MKC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. TD Cowen downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $55.00 in a research report on Monday, September 14th. Barclays lowered their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Finally, Sanford C. Bernstein dropped their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $59.90.

Read Our Latest Report on MKC

McCormick & Company, Incorporated Stock Up 0.1%

Shares of MKC stock opened at $48.79 on Friday. The stock has a 50 day moving average of $52.62 and a 200 day moving average of $51.74. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a market cap of $13.12 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.92 and a beta of 0.64. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last released 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Insider Buying and Selling

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 transaction of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.60% of the company’s stock.

Institutional Trading of McCormick & Company, Incorporated

A number of institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted 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 purchasing an additional 4,705 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of McCormick & Company, Incorporated by 71.9% during the second quarter. Tidal Investments LLC now owns 61,954 shares of the company’s stock worth $3,124,000 after buying an additional 25,922 shares in the last quarter. National Pension Service purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter worth $1,726,000. NewEdge Advisors LLC grew its holdings 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 worth $2,313,000 after buying an additional 24,076 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of McCormick & Company, Incorporated by 21.1% in the second quarter. Allworth Financial LP now owns 11,432 shares of the company’s stock valued at $576,000 after buying an additional 1,991 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

(Get Free Report)

McCormick & Company, Incorporated (NYSE:MKC) is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.