Deutsche Bank Reiterates Buy Rating on McCormick & Company
Deutsche Bank maintains its buy rating on McCormick with a $60 target, a 15.25% upside from the current price.
Key Points
- Deutsche Bank reiterated its buy rating on McCormick & Company, setting a price target of $60.
- Deutsche Bank's $60 price target implies 15.25% upside from McCormick & Company, Incorporated's ($MKC) current $52.06 share price.
- McCormick shares traded near $48.35 on Friday, with a market cap of about $12.99 billion and a P/E ratio of 7.93.
- Insider buying activity includes CEO Brendan Foley purchasing 53 shares on June 16, 2026.
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Deutsche Bank has reiterated its buy rating on McCormick & Company, Incorporated (NYSE:MKC), with a price target of $60. The bank's analyst, Stephen Powers, maintained the rating on June 26, 2026, suggesting confidence in the company's prospects.
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McCormick & Company, Incorporated Stock Down 5.9%
Shares of NYSE:MKC traded near $48.35 on Friday. McCormick & Company, known for its spices and seasonings, has a market cap of approximately $12.99 billion. The stock's price-to-earnings (P/E) ratio stands at 7.93, with a forward P/E of 14.50. The beta is relatively low at 0.641, indicating less volatility compared to the market. The stock has seen a 52-week low of $44.82 and a high of $78.03, with moving averages of $48.51 over 50 days and $60.46 over 200 days.
$MKC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
McCormick reported revenue of around $7.11 billion, reflecting a growth rate of 16.7%. The company achieved a net margin of 23.1% and a return on equity (ROE) of 25.3%. Earnings per share (EPS) were $6.10. The next earnings report is scheduled for June 25, 2026.
Dividend
McCormick pays an annual dividend of $1.92 per share, yielding 4.03%. The dividend payout ratio is 30%, indicating a sustainable distribution of profits to shareholders.
Insider Buying and Selling at McCormick & Company, Incorporated
Recent insider activity at McCormick includes several purchases. On June 16, 2026, CEO Brendan Foley bought 53 shares at $47.19 each. Sarah Piper, the Chief Human Relations Officer, also purchased 54 shares at the same price. Earlier, on April 27, 2026, Foley acquired 11 shares at $51.41.
Analysts Set New Price Targets
On June 26, 2026, Deutsche Bank maintained its buy rating for McCormick with a $60 price target. Other analysts have echoed similar sentiments, with JP Morgan maintaining a buy rating and a $63 target on June 12, 2026. UBS held a neutral stance with a hold rating and a $51 target on June 2, 2026. The consensus recommendation is a buy, with an average target price of $61.23 from 13 analysts.
About McCormick & Company
McCormick & Company, Incorporated, based in Hunt Valley, Maryland, is a global leader in the production and distribution of spices, herbs, and flavorings. The company operates through two segments: Consumer and Flavor Solutions, serving both retail and foodservice markets. Led by CEO Brendan M. Foley, McCormick employs around 14,100 people worldwide.
Bottom Line
Deutsche Bank's reaffirmation of its buy rating on McCormick & Company underscores the confidence in the company's growth potential. With a solid market presence and a focus on flavorful products, McCormick continues to be a key player in the consumer defensive sector. As always, remember that analyst ratings are one of many factors to consider and reflect the bank's view as of the report date.
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