Teacher Retirement System of Texas Lowers Stock Position in McCormick & Company, Incorporated $MKC

Teacher Retirement System of Texas cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 71.9% in the third quarter, HoldingsChannel reports. The fund owned 33,142 shares of the company’s stock after selling 84,783 shares during the period. Teacher Retirement System of Texas’ holdings in McCormick & Company, Incorporated were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new position in shares of McCormick & Company, Incorporated in the second quarter valued at about $4,321,000. Generali Asset Management SPA SGR raised its stake in McCormick & Company, Incorporated by 7,290.3% during the 3rd quarter. Generali Asset Management SPA SGR now owns 19,067 shares of the company’s stock valued at $1,276,000 after purchasing an additional 18,809 shares during the period. PGGM Investments lifted its holdings in McCormick & Company, Incorporated by 141.9% in the 3rd quarter. PGGM Investments now owns 677,573 shares of the company’s stock worth $45,336,000 after purchasing an additional 397,508 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in McCormick & Company, Incorporated by 15.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 688,032 shares of the company’s stock worth $46,036,000 after purchasing an additional 92,799 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in McCormick & Company, Incorporated by 7.9% in the 2nd quarter. Boston Trust Walden Corp now owns 1,083,026 shares of the company’s stock worth $82,115,000 after purchasing an additional 79,548 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Trading Down 0.9%

Shares of MKC stock opened at $61.33 on Friday. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $66.39 and its two-hundred day simple moving average is $67.54. The company has a market cap of $16.46 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 3.95 and a beta of 0.62.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.1%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 65.53%.

Insiders Place Their Bets

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the sale, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the transaction, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,158 shares of company stock worth $9,635,824 in the last quarter. Company insiders own 23.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MKC shares. Jefferies Financial Group lifted their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Hsbc Global Res upgraded shares of McCormick & Company, Incorporated to a “hold” rating in a report on Friday, January 23rd. UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.