Bernstein Reiterates Buy Rating on McCormick & Company
Bernstein maintains its buy rating on McCormick with a $68 price target, a 30.62% upside from the current price.
Key Points
- Bernstein maintained its buy rating for McCormick & Company, setting a price target of $68 as of June 26, 2026.
- Bernstein's $68 price target implies 30.62% upside from McCormick & Company, Incorporated's ($MKC) current $52.06 share price.
- Shares of McCormick traded near $48.35 on Friday, with a market cap of approximately $13 billion and a P/E ratio of 7.9.
- Analyst consensus remains positive, with a mean price target of $61.23 and 13 analysts covering the stock.
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Bernstein reiterated its buy rating on McCormick & Company, Incorporated (NYSE:MKC) on June 26, 2026, maintaining a price target of $68. This reflects continued confidence in the company’s prospects as shares traded at $48.35 on Friday.
Bernstein vs. the S&P 500
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McCormick & Company, Incorporated Stock Down 5.9%
Shares of NYSE:MKC traded near $48.35 on Friday. McCormick & Company has a market cap of roughly $13 billion and a P/E ratio of 7.9. The stock has seen a 52-week low of $44.82 and a high of $78.03. Its 50-day moving average is $48.51, while the 200-day moving average is $60.46. The company has a beta of 0.641, indicating lower volatility compared to the market.
$MKC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In the most recent earnings report, McCormick posted revenue of approximately $7.11 billion, with a revenue growth rate of 16.7%. The company's net margin stood at 23.1%, and it achieved a return on equity of 25.3%. The next earnings release is scheduled for June 25, 2026.
Dividend
McCormick offers an annual dividend rate of $1.92, yielding 4.03%. The dividend payout ratio is 30%, providing a steady income stream for investors.
Insider Buying and Selling at McCormick & Company, Incorporated
Several insiders have recently purchased shares of McCormick. On June 16, 2026, Chairman, President & CEO Brendan Foley bought 53 shares at $47.19 per share, and Chief Human Relations Officer Sarah Piper also acquired 54 shares at the same price. Earlier, on April 27, 2026, Foley bought 11 shares at $51.41.
Analysts Set New Price Targets
On June 26, 2026, Bernstein maintained its buy rating with a $68 price target. Deutsche Bank also reiterated a buy rating with a $60 target on the same day. Analyst consensus for McCormick remains positive, with a mean price target of $61.23 and 13 analysts covering the stock.
About McCormick & Company
McCormick & Company, Incorporated is a leader in the consumer defensive sector, specializing in the production and distribution of herbs, spices, and seasonings. Based in Hunt Valley, Maryland, the company operates through two segments: Consumer and Flavor Solutions. It markets products under well-known brands such as McCormick, French's, and Frank's RedHot. McCormick serves retailers, food manufacturers, and foodservice customers globally, employing approximately 14,100 people under the leadership of CEO Brendan M. Foley.
Bottom Line
Investors keep a close watch on McCormick due to its strong market presence and consistent dividend payouts. The reiteration of a buy rating by Bernstein underscores confidence in the company's future performance. It's important to note that analyst ratings and targets are based on current expectations and can change as new information becomes available.
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