Barclays Lowers McCormick (MKC) Target to $57, Maintains Neutral Stance [Yahoo! Finance]
Mccormick & Co, Inc (MKC.V)
Company Research
Source: Yahoo! Finance
Barclays Lowers McCormick (MKC) Target to $57, Maintains Neutral Stance On April 2, Barclays lowered its price recommendation on McCormick & Company, Incorporated (NYSE:MKC) slightly to $57 from $58. It reiterated an Equal Weight rating on the shares and remarked that “there's rarely a particularly good time for a food company to take on a transformational deal.” Speaking on the Q1 2026 earnings call, Brendan M. Foley said the company put up solid growth across sales, adjusted operating income, and adjusted earnings per share. He pointed to the McCormick de Mexico acquisition as one of the contributors, alongside steady organic growth in both the Consumer and Flavor Solutions segments. He also made the point that strong sales, help from the acquisition, and tight cost control worked together to lift margins. Even with that, the company continued to invest in the business. Foley said first-quarter volumes landed where the company expected. He expects that to improve step by step
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News
- McCormick Declares $0.48 Quarterly Dividend [TheStreet.com]TheStreet.com
- MarketBeat Week in Review – 03/30 - 04/03 [Yahoo! Finance]Yahoo! Finance
- JPMorgan Lowers its Price Target on McCormick & Company. (MKC) to $64 [Yahoo! Finance]Yahoo! Finance
- McCormick & Company AGM: Unilever Foods deal targeted for mid-2027, strategy and Q1 growth in focus [Yahoo! Finance]Yahoo! Finance
- McCormick & Co Inc (MKC) Q1 2026 Earnings Call Highlights: Strategic Merger with Unilever ... [Yahoo! Finance]Yahoo! Finance