Investors Research Corp Makes New Investment in McCormick & Company, Incorporated $MKC

Investors Research Corp purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,850 shares of the company’s stock, valued at approximately $1,152,000.

Other hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators grew its position in shares of McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares during the last quarter. Glen Eagle Advisors LLC lifted its position in McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after acquiring an additional 170 shares during the last quarter. Van ECK Associates Corp boosted its stake in McCormick & Company, Incorporated by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock valued at $122,000 after acquiring an additional 171 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in McCormick & Company, Incorporated by 10.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after purchasing an additional 176 shares during the last quarter. Finally, Modern Wealth Management LLC grew its holdings in McCormick & Company, Incorporated by 5.9% in the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after purchasing an additional 181 shares during the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik 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 of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Sanford C. Bernstein decreased their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th. 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 note on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. decreased their price target on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Finally, UBS Group raised their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated Trading Up 0.3%

Shares of McCormick & Company, Incorporated stock opened at $54.36 on Wednesday. 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 $72.41. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.76 and a beta of 0.64. The firm’s 50 day simple moving average is $52.69 and its two-hundred day simple moving average is $53.46.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $0.69 earnings per share. The business’s quarterly 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. Analysts predict that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors 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%.

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.