TD Cowen Reiterates Buy Rating for McCormick & Company
TD Cowen keeps its buy rating for McCormick & Company, setting a price target of $60, a 19% upside from the current price.
Key Points
- TD Cowen analyst Robert Moskow reiterated a buy rating for McCormick & Company with a target price of $60 on June 26, 2026.
- TD Cowen's $60 price target implies 19% upside from McCormick & Company, Incorporated's ($MKC) current $50.42 share price.
- Shares of NYSE:MKC traded near $48.35 on Friday, with a market cap of approximately $13 billion and a P/E ratio of 7.93.
- Insiders, including CEO Brendan Foley, made recent stock purchases, while analysts maintain mixed ratings with a consensus buy recommendation.
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TD Cowen analyst Robert Moskow reiterated his buy rating on McCormick & Company, Incorporated (NYSE:MKC) on June 26, 2026. The firm set a price target of $60 for the stock. As of Friday, shares were trading near $48.35.
TD Cowen vs. the S&P 500
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McCormick & Company, Incorporated Stock Down 8.9%
Shares of NYSE:MKC traded around $48.35 on Friday. McCormick & Company has a market cap of approximately $13 billion and a P/E ratio of 7.93. The stock's 52-week range is between $44.82 and $78.03. Its 50-day moving average is $48.51, and the 200-day moving average is $60.46. The company has a current ratio of 0.758, a quick ratio of 0.293, and a debt-to-equity ratio of 65.158.
$MKC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
McCormick & Company reported revenue of about $7.1 billion with a growth rate of 16.7%. The company achieved a net margin of 23.1% and a return on equity of 25.3%. The next earnings report is scheduled for June 25, 2026.
Dividend
McCormick & Company pays an annual dividend of $1.92, yielding 4.03%. Its dividend payout ratio stands at 30%.
Insider Buying and Selling at McCormick & Company, Incorporated
Recent insider activity includes purchases by CEO Brendan Foley, who acquired 53 shares at an average price of $47.19 on June 16, 2026. Chief Human Relations Officer Sarah Piper also bought 54 shares at the same price and date. Earlier, on April 27, 2026, Foley bought 11 shares at $51.41.
Analysts Set New Price Targets
On June 26, 2026, TD Cowen maintained its buy rating with a $60 target price. Bernstein and Deutsche Bank also maintained buy ratings, with targets of $68 and $60, respectively. The consensus among 13 analysts is a buy, with a mean target price of $61.23.
About McCormick & Company
McCormick & Company, Incorporated is a leading player in the consumer defensive sector, specifically in packaged foods. The company, headquartered in Hunt Valley, Maryland, manufactures and distributes a wide range of herbs, spices, and flavorings. It operates through two segments: Consumer and Flavor Solutions. McCormick serves a variety of customers, including retailers and food manufacturers, under brands like McCormick, French's, and Frank's RedHot. The company employs about 14,100 people and is led by CEO Brendan M. Foley.
Bottom Line
TD Cowen's reiterated buy rating reflects confidence in McCormick & Company's market position and growth potential. With a price target set at $60, investors will be watching upcoming earnings closely. The company's solid dividend yield and insider buying activity may also interest investors. Note that these analyst ratings are based on past performance and projections, not a guarantee of future results.
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