McCormick & Company, Incorporated (NYSE:MKC) Stock Falls 1% – Here’s What Happened

McCormick & Company, Incorporated (NYSE:MKC) traded down 1% during mid-day trading on Monday. The stock traded as low as $45.68 and last traded at $45.8730. 3,280,870 shares were traded during trading, a decline of 18% from the average daily volume of 4,009,108 shares. The stock had previously closed at $46.35.

Wall Street Analyst Weigh In

Several analysts have recently commented on MKC shares. BNP Paribas Exane reduced their price target on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. TD Cowen reaffirmed a “hold” rating and set a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, September 21st. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Finally, Stifel Nicolaus reduced their target price on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $55.30.

McCormick & Company, Incorporated Stock Up 3.7%

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. The firm’s 50-day simple moving average is $50.21 and its two-hundred day simple moving average is $50.08. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 34.72%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC raised its position in shares of McCormick & Company, Incorporated by 2.8% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company’s stock worth $369,000 after buying an additional 224 shares during the period. Dorato Capital Management boosted its holdings in McCormick & Company, Incorporated by 5.4% in the third quarter. Dorato Capital Management now owns 4,588 shares of the company’s stock valued at $208,000 after acquiring an additional 235 shares during the last quarter. CoreCap Advisors LLC grew its position in McCormick & Company, Incorporated by 16.4% during the third quarter. CoreCap Advisors LLC now owns 1,738 shares of the company’s stock valued at $81,000 after acquiring an additional 245 shares during the period. QRG Capital Management Inc. grew its position in McCormick & Company, Incorporated by 3.6% during the second quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock valued at $419,000 after acquiring an additional 292 shares during the period. Finally, Empirical Finance LLC grew its position in McCormick & Company, Incorporated by 3.4% during the second quarter. Empirical Finance LLC now owns 8,886 shares of the company’s stock valued at $448,000 after acquiring an additional 293 shares during the period. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.