11,355 Shares in McCormick & Company, Incorporated $MKC Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, Holdings Channel.com reports. The institutional investor bought 11,355 shares of the company’s stock, valued at approximately $760,000.

Several other hedge funds also recently bought and sold shares of MKC. SBI Securities Co. Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock worth $246,000 after acquiring an additional 148 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its stake in McCormick & Company, Incorporated by 1.0% during the second quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock worth $1,450,000 after purchasing an additional 181 shares in the last quarter. Modern Wealth Management LLC boosted its position in shares of McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after buying an additional 181 shares during the period. Allianz Asset Management GmbH grew its stake in shares of McCormick & Company, Incorporated by 2.0% in the third quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after buying an additional 185 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of McCormick & Company, Incorporated by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock valued at $2,044,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MKC shares. Jefferies Financial Group raised their target price on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Stock Down 0.1%

MKC stock opened at $71.57 on Friday. The company’s 50 day moving average price is $66.59 and its 200 day moving average price is $67.15. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.57 and a beta of 0.61. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

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

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, December 29th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, February 9th. The stock was 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. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,000 shares of company stock valued at $7,947,300 over the last quarter. 23.80% of the stock is owned by insiders.

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.