McCormick, US5797802064

BofA cuts target to USD 55.00 for McCormick stock

Published on 10/17/2026 at 20:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 17.4 percent on October 1, 2026. McCormick stock costs USD 46.35 on October 16, 2026, up 1.40 percent on NYSE.

Analyst target shapes the stock

BofA lowered its McCormick target from USD 65.00 to USD 55.00 on October 2, 2026.
Third-quarter sales increased 17.4 percent to USD 2.02 billion on August 31, 2026.
McCormick stock cost USD 46.35 at 4:00 p.m. ET on October 16, 2026, up 1.40 percent on the NYSE.
McCormick will pay a USD 0.48 dividend on October 26, 2026.

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BofA lowered its McCormick target from USD 65.00 to USD 55.00 on October 2, 2026, while keeping a Buy rating, according to Markets Insider. The target is 18.67 percent above the last NYSE price of USD 46.35 on October 16, 2026 at 4:00 p.m. ET. McCormick stock rose 1.40 percent on the NYSE that session.

Third-quarter sales reached USD 2.02 billion

McCormick reported third-quarter net sales of USD 2.02 billion for the period ended August 31, 2026, an increase of 17.4 percent from the year-earlier quarter, according to the company's McCormick release. Adjusted earnings per share came to USD 0.86, compared with USD 0.85 a year earlier, while adjusted operating income increased 22.1 percent to USD 358.5 million.

Price sits above the yearly low

The last NYSE price of USD 46.35 on October 16, 2026 at 4:00 p.m. ET stood 7.17 percent above the 52-week low of USD 43.25 and 35.99 percent below the 52-week high of USD 72.41. Trading volume reached 6,231,346 shares against an average of 3,373,843 shares. On October 1, 2026, McCormick had reported its third-quarter figures and reaffirmed its fiscal 2026 outlook.

Valuation and dividend date

McCormick had a market capitalization of USD 12.5 billion and a price-to-earnings ratio of 8.38 as of October 16, 2026. The company declared a USD 0.48 quarterly dividend on September 24, 2026, payable on October 26, 2026, according to PR Newswire. McCormick's next scheduled corporate date in the cited calendar was the October 26, 2026 dividend payment.

Comparison with peers

McCormick (NYSE, USD): plus 1.40 percent, P/E 8.38, market capitalization USD 12.5 billion

General Mills (NYSE, USD): plus 0.76 percent, P/E minus 19.96, market capitalization USD 17.7 billion

The Kraft Heinz Company (Nasdaq, USD): plus 1.72 percent, P/E minus 8.28, market capitalization USD 28.1 billion

Price and target distance

BofA's USD 55.00 target leaves a measured gap above the last NYSE price, while the stock remains much closer to its 52-week low than its high. The last NYSE price was USD 46.35 on October 16, 2026 at 4:00 p.m. ET, up 1.40 percent on the day.