Western Wealth Management LLC Acquires New Shares in McCormick & Company, Incorporated $MKC

Western Wealth Management LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,426 shares of the company’s stock, valued at approximately $879,000.

A number of other institutional investors have also added to or reduced their stakes in MKC. Vanguard Group Inc. lifted its position in shares of McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares during the period. State Street Corp increased its holdings in McCormick & Company, Incorporated by 5.1% during the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares during the period. Aristotle Capital Management LLC raised its stake in McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after buying an additional 8,848,235 shares in the last quarter. Geode Capital Management LLC raised its stake in McCormick & Company, Incorporated by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock worth $441,571,000 after buying an additional 59,587 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in McCormick & Company, Incorporated by 3.1% during the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after buying an additional 190,607 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MKC shares. TD Cowen dropped their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Sanford C. Bernstein reduced their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group decreased their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. UBS Group raised their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $54.48 on Friday. The firm’s fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $54.35. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.58. The firm has a market capitalization of $14.65 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.65 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were paid a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.5%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.60% of the company’s stock.

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.