JP Morgan Reiterates Rating on MKC $MKC

Key Points

  • JP Morgan now rates McCormick & Company, Incorporated ($MKC) "buy" with a $63 target.
  • JP Morgan's $63 price target implies 27.97% upside from McCormick & Company, Incorporated's ($MKC) current $49.23 share price.
  • The Street's average $MKC price target is $60.62 (Buy).
  • $MKC last traded around $49.23.

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JP Morgan reiterated its rating on McCormick & Company, Incorporated ($MKC) to a "buy" rating in a recent research note and set a price target of $63, a 27.97% upside from the current price.

McCormick & Company, Incorporated Stock Down 11.0%

Shares of McCormick & Company, Incorporated ($MKC) traded around $49.23 on Saturday, down 11.0% for the day.

Last price$49.23
Market cap$14.58B
P/E ratio9.21
Forward P/E16.44
PEG ratio2.11
Beta0.63
52-week low$44.82
52-week high$72.41
50-day MA$52.38
200-day MA$57.36
Current ratio0.78
Quick ratio0.29
Debt-to-equity0.65

McCormick & Company, Incorporated Earnings

EPS (ttm)$5.89
Revenue (ttm)$7.39B
Revenue growth16.70%
Net margin21.91%
Return on equity24.73%
Next earningsOct 1, 2026

McCormick & Company, Incorporated Dividend

Annual dividend$1.92
Dividend yield347%
Payout ratio30.95%
Ex-dividend dateJul 6, 2026

Analysts Set New Price Targets

ConsensusBuy
Average target$60.62
High target$75
Low target$52
Analysts covering13

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments, sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's, Cholula Hot Sauce, Club House, Gourmet Garden, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, LA Drogheria, and Vahiné brands in Europe, the Middle East, and Africa; and McCormick and DaQiao brands in the Asia/Pacific (APAC), as well as desserts under the Aeroplane brand; and packaged chilled herbs under the Gourmet Garden brand. Its authentic regional brands include Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. The company also supplies its products under private labels. This segment serves retailers, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices, herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.

ExchangeNYSE
SectorConsumer Defensive
IndustryPackaged Foods
HeadquartersHunt Valley, MD
CEOMr. Brendan M. Foley
Employees14,100

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