McCormick(US:MKC) Benzinga·2025-10-03 11:07Earnings Report - McCormick & Company is set to release its third-quarter earnings results on October 7, with analysts expecting earnings of 82 cents per share, a decrease from 83 cents per share in the same period last year [1] - The projected quarterly revenue is $1.71 billion, an increase from $1.68 billion a year earlier [1] Acquisition Plans - On August 21, McCormick announced plans to acquire an additional 25% stake in McCormick De Mexico for $750 million, raising its ownership to 75% [2] - Following the announcement, McCormick's shares rose by 0.5%, closing at $68.09 [2] Analyst Ratings - UBS analyst Bryan Adams maintained a Neutral rating and reduced the price target from $79 to $71 [4] - Stifel analyst Matthew Smith kept a Hold rating and cut the price target from $82 to $76 [4] - JP Morgan analyst Ken Goldman maintained an Underweight rating but increased the price target from $66 to $69 [4] - TD Cowen analyst Robert Moskow upgraded the stock from Hold to Buy and raised the price target from $86 to $90 [4] - Jefferies analyst Rob Dickerson also upgraded the stock from Hold to Buy, increasing the price target from $85 to $91 [4]