McCormick & Company, Incorporated (MKC) Stock Forecast & Price Target

$75.85 -0.03 (-0.04%)

As of 01/3/2025 05:39 PM Eastern

McCormick & Company, Incorporated - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 10 Analyst Ratings

Sell
1

Hold
5

Buy
4

Based on 10 Wall Street analysts who have issued ratings for McCormick & Company, Incorporated in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 5 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for MKC.

Consensus Price Target

$81.00
6.79% Upside

According to the 10 analysts' twelve-month price targets for McCormick & Company, Incorporated, the average price target is $81.00. The highest price target for MKC is $96.00, while the lowest price target for MKC is $57.00. The average price target represents a forecasted upside of 6.79% from the current price of $75.85.

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MKC Analyst Ratings Over Time

Type	Current Forecast 1/5/24 to 1/4/25	1 Month Ago 12/6/23 to 12/5/24	3 Months Ago 10/7/23 to 10/6/24	1 Year Ago 1/5/23 to 1/5/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$81.00	$79.57	$79.57	$78.20
Forecasted Upside	6.79% Upside	1.83% Upside	-1.29% Downside	16.30% Upside
Consensus Rating	Hold	Hold	Hold	Hold

MKC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MKC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

McCormick & Company, Incorporated Stock vs. The Competition

Type	McCormick & Company, Incorporated	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.40	2.49	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	6.79% Upside	42.01% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent MKC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/9/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$85.00 ➝ $91.00	+17.42%
10/2/2024	BNP Paribas 3 of 5 stars	M. Gumport Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/2/2024	TD Cowen 5 of 5 stars		Boost Target	Hold ➝ Hold	$84.00 ➝ $86.00	+5.81%
10/2/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$75.00 ➝ $85.00	+3.85%
10/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $96.00	+14.19%
6/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$68.00 ➝ $69.00	-0.32%
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4/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$88.00	+14.85%
3/28/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$71.00 ➝ $76.00	-0.03%
1/26/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$59.00 ➝ $57.00	-16.84%
1/22/2024	Consumer Edge Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$86.00	+11.10%
3/29/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$69.00 ➝ $75.00	-8.18%
3/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $72.00	-1.09%
3/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$71.00	-1.39%
1/27/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$90.00	+22.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:21 PM ET.

Should I Buy McCormick & Company, Incorporated Stock? MKC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 22, 2024. Please send any questions or comments about these McCormick & Company, Incorporated pros and cons to contact@marketbeat.com.

McCormick & Company, Incorporated
Bull Case

Here are some ways that investors could benefit from investing in McCormick & Company, Incorporated:

The company recently increased its quarterly dividend from $0.42 to $0.45, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $1.80, providing a dividend yield of 2.30%, which can be attractive for income-focused investors.
McCormick & Company, Incorporated has a strong institutional ownership, with 79.74% of its stock held by institutional investors. This can indicate confidence in the company's stability and growth potential.
Recent analyst upgrades have been positive, with Bank of America raising its target price from $95.00 to $96.00 and giving the stock a "buy" rating. Such endorsements from analysts can boost investor confidence.
The current stock price is around $78.33, which may present a buying opportunity for investors looking for a well-established company in the food industry.
McCormick & Company, Incorporated operates in two segments—Consumer and Flavor Solutions—allowing it to diversify its revenue streams and reduce reliance on a single market segment.

McCormick & Company, Incorporated
Bear Case

Investors should be bearish about investing in McCormick & Company, Incorporated for these reasons:

Despite the recent dividend increase, the company's dividend payout ratio stands at 57.14%. A high payout ratio can indicate that a significant portion of earnings is being distributed as dividends, potentially limiting funds available for reinvestment in growth opportunities.
Insider selling has been noted, with a director selling 5,000 shares recently. This could raise concerns about the company's future performance or insider confidence.
While the stock has received upgrades, it still has a mixed rating from analysts, with one sell rating and five hold ratings. This suggests uncertainty about the stock's future performance.
McCormick & Company, Incorporated's stock has seen significant insider selling, with 20,000 shares sold over the last quarter, which may indicate a lack of confidence among insiders regarding the company's short-term prospects.
The competitive landscape in the food industry is intense, and McCormick & Company, Incorporated faces challenges from both established brands and new entrants, which could impact its market share and profitability.

MKC Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for McCormick & Company, Incorporated is $81.00, with a high forecast of $96.00 and a low forecast of $57.00.
: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McCormick & Company, Incorporated in the last year. There is currently 1 sell rating, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MKC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MKC, but not buy additional shares or sell existing shares.
: According to analysts, McCormick & Company, Incorporated's stock has a predicted upside of 6.79% based on their 12-month stock forecasts.
: Over the previous 90 days, McCormick & Company, Incorporated's stock had 1 upgrade by analysts.
: McCormick & Company, Incorporated has been rated by research analysts at Jefferies Financial Group in the past 90 days.
: Analysts like McCormick & Company, Incorporated less than other "consumer staples" companies. The consensus rating score for McCormick & Company, Incorporated is 2.40 while the average consensus rating score for "consumer staples" companies is 2.49. Learn more on how MKC compares to other companies.

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This page (NYSE:MKC) was last updated on 1/4/2025 by MarketBeat.com Staff

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McCormick & Company, Incorporated (MKC) Stock Forecast & Price Target