McCormick Stock Plunges 1.94% Amid Earnings, Rating Downgrade

McCormick's stock price fell to its lowest level since January 2025 today, with an intraday decline of 1.94%.

McCormick has taken steps to stabilize investor confidence by announcing a quarterly dividend of US$0.45 and continuing its share buyback program. These measures are aimed at reassuring investors amidst market volatility.

In its Q1 2025 earnings report, McCormick reported a slight increase in sales to $1,606 million. However, the company experienced a decline in net income and earnings per share, which may have contributed to the recent stock price decline.

Several research analysts have updated their ratings on McCormick shares. Notably, Argus downgraded McCormick from a "buy" rating to a "hold" rating, citing concerns over rising costs. This change in rating could have influenced investor sentiment and contributed to the stock's decline.

Despite the recent downgrade, an analyst consensus still rates McCormick as a "Moderate Buy," with a price target of $87.22. This suggests a potential 17.99% upside, indicating that some analysts remain optimistic about the company's long-term prospects.