Barclays Lowers McCormick (MKC) Target to $57, Maintains Neutral Stance

McCormick & Company, Incorporated (NYSE:MKC) is included among the 15 Best Low Volatility Blue Chip Stocks to Buy Now.

On April 2, Barclays lowered its price recommendation on McCormick & Company, Incorporated (NYSE:MKC) slightly to $57 from $58. It reiterated an Equal Weight rating on the shares and remarked that “there’s rarely a particularly good time for a food company to take on a transformational deal.”

Speaking on the Q1 2026 earnings call, Brendan M. Foley said the company put up solid growth across sales, adjusted operating income, and adjusted earnings per share. He pointed to the McCormick de Mexico acquisition as one of the contributors, alongside steady organic growth in both the Consumer and Flavor Solutions segments. He also made the point that strong sales, help from the acquisition, and tight cost control worked together to lift margins. Even with that, the company continued to invest in the business.

Foley said first-quarter volumes landed where the company expected. He expects that to improve step by step through the year, with growth building over time. He tied that outlook to ongoing brand investment, more innovation across both segments, and wider distribution. He described the company’s fundamentals as solid, supported by its portfolio, consistent execution, and continued investment. He also said McCormick remains on track to meet its 2026 outlook and is still focused on becoming a global flavor leader while delivering value to shareholders.

McCormick & Company, Incorporated (NYSE:MKC) produces and sells herbs, spices, seasonings, condiments, and flavors. It works across the food and beverage industry, serving retailers, manufacturers, and foodservice businesses through its Consumer and Flavor Solutions segments.

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