Principal Financial Group Inc. Purchases 15,130 Shares of McCormick & Company, Incorporated $MKC

Principal Financial Group Inc. raised its position in McCormick & Company, Incorporated (NYSE:MKC) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,593 shares of the company’s stock after buying an additional 15,130 shares during the period. Principal Financial Group Inc.’s holdings in McCormick & Company, Incorporated were worth $15,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKC. Deseret Mutual Benefit Administrators increased its holdings in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $28,000. Zions Bancorporation National Association UT grew its position in McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the last quarter. Union Savings Bank bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $36,000. Finally, Glen Eagle Advisors LLC increased its holdings in McCormick & Company, Incorporated by 42.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 170 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group cut their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Sanford C. Bernstein cut their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. HSBC lowered their target price on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Trading Down 3.5%

Shares of NYSE:MKC opened at $50.22 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $73.84. The company has a market capitalization of $13.50 billion, a P/E ratio of 8.36, a P/E/G ratio of 2.60 and a beta of 0.63. The business’s 50 day simple moving average is $49.23 and its 200 day simple moving average is $55.85.

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, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

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.