McCormick & Company (MKC) Receives a Buy from Bernstein

Bernstein analyst Alexia Burland Howard assigned a Buy rating to McCormick & Company on March 20 and set a price target of $85.00. The company’s shares closed last Friday at $53.23.

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Burland Howard covers the Consumer Defensive sector, focusing on stocks such as Mondelez International, JM Smucker, and McCormick & Company. According to TipRanks, Burland Howard has an average return of -8.3% and a 36.49% success rate on recommended stocks.

McCormick & Company has an analyst consensus of Moderate Buy, with a price target consensus of $73.13, which is a 37.38% upside from current levels. In a report released today, TipRanks – DeepSeek also upgraded the stock to a Buy with a $59.00 price target.

Based on McCormick & Company’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.85 billion and a net profit of $226.6 million. In comparison, last year the company earned a revenue of $1.8 billion and had a net profit of $215.2 million

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MKC in relation to earlier this year. Last month, Lawrence Erik Kurzius, a Major Shareholder at MKC sold 50,000.00 shares for a total of $3,581,500.00.