Weiss Asset Management LP Purchases New Holdings in McCormick & Company, Incorporated $MKC

Weiss Asset Management LP acquired a new position in McCormick & Company, Incorporated (NYSE:MKC) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 58,590 shares of the company’s stock, valued at approximately $2,955,000.

Other institutional investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its position 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 valued at $28,000 after buying an additional 164 shares during the period. Glen Eagle Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after buying an additional 170 shares during the period. Van ECK Associates Corp lifted its stake in shares of McCormick & Company, Incorporated by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after acquiring an additional 171 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of McCormick & Company, Incorporated by 10.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after acquiring an additional 176 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in McCormick & Company, Incorporated by 5.9% during the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after acquiring an additional 181 shares during the period. Institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MKC shares. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. BTIG Research started coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. TD Cowen cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. BNP Paribas Exane cut their price target on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Up 0.1%

Shares of NYSE MKC opened at $49.99 on Monday. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $73.84. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.50 and a beta of 0.63. The stock has a 50 day moving average price of $49.31 and a 200 day moving average price of $55.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for 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 last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a dividend of $0.48 per share. The ex-dividend date 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 (DPR) is currently 31.95%.

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.