Y Intercept Hong Kong Ltd Purchases Shares of 235,558 McCormick & Company, Incorporated $MKC

Y Intercept Hong Kong Ltd acquired a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 235,558 shares of the company’s stock, valued at approximately $11,882,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKC. GoalVest Advisory LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. Deseret Mutual Benefit Administrators increased its stake in McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares during the period. Motiv8 Investments LLC acquired a new position in McCormick & Company, Incorporated in the fourth quarter worth about $28,000. Zions Bancorporation National Association UT raised its position in McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares in the last quarter. Finally, Union Savings Bank bought a new position in McCormick & Company, Incorporated during the fourth quarter worth about $36,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $53.45 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a market cap of $14.36 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $76.58. The company’s 50-day moving average price is $48.32 and its two-hundred day moving average price is $57.57.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.08 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MKC. Stifel Nicolaus decreased their price objective on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group dropped their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. TD Cowen cut their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Sanford C. Bernstein decreased their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Finally, HSBC lowered their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.50.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Gavin Hattersley acquired 2,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the transaction, the director owned 2,906 shares in the company, valued at $153,959.88. This trade represents a 220.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.

About McCormick & Company, Incorporated

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.