McCormick

MKC · NYSE

$47.55+$1.69 (+3.69%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $45.86

MKC analyst rating

HoldConsensus of 11 analysts over the last 12 months. 45% rate it a buy.

Strong buy0
Buy5
Hold6
Underperform0
Sell0

12-month price target · 14 analysts

Average $61.01 (+28.3% upside)

Low: $52.52
Now: $47.55
High: $78.75

Upgrades and downgrades

The latest rating actions, newest first

MKC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 2, 2026	Maintains	Equal-Weight	$55.00 → $47.00	44%
UBS	Oct 2, 2026	Maintains	Neutral	$52.00 → $48.00	62%
BNP Paribas	Oct 2, 2026	Maintains	Outperform	$75.00 → $65.00	44%
TD Cowen	Oct 2, 2026	Maintains	Hold	$55.00 → $48.00	58%
Stifel	Oct 2, 2026	Maintains	Hold	$55.00 → $48.00	41%
JP Morgan	Sep 18, 2026	Maintains	Overweight	$63.00 → $62.00	40%
TD Cowen	Sep 14, 2026	Downgrade	Buy → Hold	$60.00 → $55.00	58%
Barclays	Jun 29, 2026	Maintains	Equal-Weight	$57.00 → $55.00	44%
UBS	Jun 26, 2026	Maintains	Neutral	$51.00 → $52.00	62%
TD Cowen	Jun 26, 2026	Maintains	Buy	$64.00 → $60.00	58%

The case for and against

Updated Nov 29, 2024

Bull case

McCormick & Co. demonstrates a positive financial outlook anchored by a 150 basis point increase in gross margins, attributed to effective cost savings and pricing strategies amidst recovering cost inflation. The company anticipates significant growth in its upcoming fiscal year, forecasting constant currency sales growth of 5%-7% and operating profit growth of 10%-12%, along with EPS growth of 4%-6%, indicating robust operational performance. Additionally, McCormick's strategic focus on its diverse portfolio and international market reach positions it well to navigate challenges and capitalize on growth opportunities, particularly with an estimated gross margin increase of 120 basis points and balanced contributions from both pricing and volume/mix dynamics.

Bear case

McCormick & Co's second-quarter results included an earnings per share (EPS) of $0.65, which marked a 6% decline year-over-year and was in line with consensus estimates, reflecting weaker performance in the Consumer business. Projections for the second half of 2023 anticipate a nearly flat volume performance, with expectations of a 1.5% decline in the fourth quarter, driven primarily by a sluggish recovery in China and a soft volume environment in the Americas. Additionally, the company faces a projected operating profit decline of 0.5% in the fourth quarter due to increased marketing expenditures, compounded by unfavorable below-the-line factors including a higher tax rate and reduced joint venture earnings, which may further dampen overall financial performance.

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