Calamos Wealth Management LLC Takes $686,000 Position in McCormick & Company, Incorporated $MKC

Calamos Wealth Management LLC acquired a new position in McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 13,607 shares of the company’s stock, valued at approximately $686,000.

Several other large investors have also modified their holdings of the company. GoalVest Advisory LLC bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $28,000. Deseret Mutual Benefit Administrators boosted its stake in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in McCormick & Company, Incorporated in the 4th quarter valued at approximately $28,000. Zions Bancorporation National Association UT increased its position in McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares during the period. Finally, Union Savings Bank bought a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $36,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $52.93 on Wednesday. The stock’s fifty day simple moving average is $48.59 and its 200 day simple moving average is $56.67. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $73.84. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 2.69 and a beta of 0.63. 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 (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MKC. Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. HSBC cut their target price on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. TD Cowen reduced their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 26th. BTIG Research began coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Finally, Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Hold” and a consensus price target of $60.50.

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.