McCormick & Co. Receives Upgrade and Higher Price Target from JP Morgan

JP Morgan has upgraded McCormick & Co's rating from "Underweight" to "Overweight" and increased the price target from $69 to $83, a 20.29% increase. The upgrade reflects a positive outlook for the company. Analysts' ratings for McCormick & Co have varied over the past few months, with JP Morgan's upgrade being the most notable. McCormick & Co is a leading global manufacturer and distributor of spices, herbs, and other flavorings. The average target price for McCormick & Co is $84.19, with a high estimate of $102 and a low estimate of $67.23, implying an upside of 21.92% from the current price. The average brokerage recommendation is 2.5, indicating an "Outperform" status. The estimated GF Value for McCormick & Co is $81.46, suggesting a 17.97% upside from the current price.

JP Morgan has recently upgraded McCormick & Co's rating from "Underweight" to "Overweight" and increased the price target from $69 to $83, a 20.29% increase. The upgrade reflects a positive outlook for the company. Analysts' ratings for McCormick & Co have varied over the past few months, with JP Morgan's upgrade being the most notable. McCormick & Co is a leading global manufacturer and distributor of spices, herbs, and other flavorings. The average target price for McCormick & Co is $84.19, with a high estimate of $102 and a low estimate of $67.23, implying an upside of 21.92% from the current price. The average brokerage recommendation is 2.5, indicating an "Outperform" status. The estimated GF Value for McCormick & Co is $81.46, suggesting a 17.97% upside from the current price.

The upgrade by JP Morgan comes as the company continues to show strong performance. In the most recent quarter, McCormick & Co reported earnings per share of $0.69, beating the consensus estimate of $0.65. The company also announced a quarterly dividend of $0.45 per share, representing an annual yield of 2.6% and a payout ratio of 62.50% [2].

Institutional investors have also shown interest in McCormick & Co. Tocqueville Asset Management L.P. reduced its holdings by 38.8%, now owning 10,438 shares valued at approximately $859,000. Meanwhile, several other institutional investors have increased their positions in the company, including Select Equity Group L.P., Balyasny Asset Management L.P., and Nuveen LLC [2].

The upgrade by JP Morgan and the positive performance of McCormick & Co suggest that the company is well-positioned for growth. However, investors should be aware of the varying analyst ratings and the potential risks associated with the company's operations in the food space.

References:
[1] https://www.tipranks.com/news/the-fly/mccormick-added-to-analyst-focus-list-at-jpmorgan-thefly
[2] https://www.marketbeat.com/instant-alerts/filing-mccormick-company-incorporated-mkc-shares-sold-by-tocqueville-asset-management-lp-2025-08-18/