10 Undervalued Counter Cyclical Stocks to Buy Now

8. McCormick & Company, Incorporated (NYSE:MKC)

On June 12, 2026, JPMorgan lowered the firm’s price target on McCormick & Company, Incorporated (NYSE:MKC) to $63 from $64 and maintained an Overweight rating on the shares as part of a Q2 earnings preview. JPMorgan said the company reiterating its annual guidance “seems well-telegraphed.”

Meanwhile, UBS analyst Peter Grom lowered the firm’s price target on McCormick & Company, Incorporated (NYSE:MKC) to $51 from $53 and maintained a Neutral rating on the shares. Grom said UBS updated its expectations across Food to reflect demand trends and inflation.

On May 29, 2026, Reuters reported that activist hedge fund Toms Capital Investment Management had built a significant stake in McCormick & Company, Incorporated (NYSE:MKC), citing sources familiar with the matter. Toms bought McCormick during Q2 after the company announced its planned acquisition of Unilever’s (UL) food business, according to the report. Reuters also said Toms “prefers to stay in the background and push for changes out of the limelight.” Shares of McCormick rose 75c to $47.58 following the report.

McCormick & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products for the food industry.

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