McCormick & Company, Incorporated (NYSE:MKC) Director Michael Mangan Sells 5,000 Shares

McCormick & Company, Incorporated (NYSE:MKC) Director Michael Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $68.96 on Wednesday. The business’s fifty day simple moving average is $66.13 and its 200 day simple moving average is $67.13. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 12 month low of $59.62 and a 12 month high of $86.24. The firm has a market capitalization of $18.51 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 4.34 and a beta of 0.61.

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

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter worth $25,000. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $28,000. GoalVest Advisory LLC bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at approximately $28,000. Finally, Curio Wealth LLC lifted its holdings in shares of McCormick & Company, Incorporated by 39,900.0% during the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after acquiring an additional 399 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group upped their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. TD Cowen dropped their price target on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. Finally, Stifel Nicolaus dropped their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $73.30.

McCormick & Company, Incorporated Company 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.