Van Cleef Asset Management Inc Grows Stock Position in McCormick & Company, Incorporated $MKC

Van Cleef Asset Management Inc lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 5.6% during the first quarter, HoldingsChannel.com reports. The fund owned 300,840 shares of the company’s stock after acquiring an additional 16,084 shares during the period. McCormick & Company, Incorporated makes up 1.6% of Van Cleef Asset Management Inc’s portfolio, making the stock its 16th largest position. Van Cleef Asset Management Inc’s holdings in McCormick & Company, Incorporated were worth $15,174,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new position in McCormick & Company, Incorporated in the 4th quarter valued at $28,000. Deseret Mutual Benefit Administrators grew 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 stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $28,000. Zions Bancorporation National Association UT raised its position in shares of McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after buying an additional 357 shares during the last quarter. Finally, Union Savings Bank purchased a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $36,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MKC. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They issued a “neutral” rating on the stock. UBS Group upped their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, Barclays lowered their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Trading Up 1.8%

NYSE:MKC traded up $0.91 on Friday, hitting $52.45. The stock had a trading volume of 3,391,710 shares, compared to its average volume of 5,031,301. 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 stock has a market cap of $14.10 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 2.58 and a beta of 0.63. The company has a fifty day moving average price of $48.44 and a two-hundred day moving average price of $56.96. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $73.84.

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

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

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.