Magnolia Capital Advisors LLC Makes New $4.46 Million Investment in McCormick & Company, Incorporated $MKC

Magnolia Capital Advisors LLC purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent filing with the SEC. The fund purchased 34,718 shares of the company’s stock, valued at approximately $4,461,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MKC. Aristotle Capital Management LLC grew its holdings in McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after buying an additional 8,848,235 shares in the last quarter. XXEC Inc. bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $154,566,000. Invesco Ltd. grew its position in McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock worth $417,006,000 after acquiring an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of McCormick & Company, Incorporated by 67.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after purchasing an additional 1,124,003 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares during the period. Institutional investors own 79.74% of the company’s stock.

Insider Activity at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.60% of the stock is owned by insiders.

McCormick & Company, Incorporated Trading Up 0.8%

Shares of NYSE:MKC opened at $54.93 on Thursday. The business’s 50-day moving average is $52.04 and its 200 day moving average is $53.86. 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 has a 1 year low of $44.82 and a 1 year high of $72.41. The firm has a market capitalization of $14.77 billion, a P/E ratio of 9.14, a P/E/G ratio of 2.77 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts predict that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MKC. UBS Group increased their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Jefferies Financial Group lowered their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and a consensus target price of $60.50.

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.