McCormick & Company, Incorporated $MKC Stock: ProShare Advisors LLC Increases Stake

ProShare Advisors LLC lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,222,289 shares of the company’s stock after purchasing an additional 82,353 shares during the quarter. ProShare Advisors LLC owned about 1.20% of McCormick & Company, Incorporated worth $149,514,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Investors Research Corp bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth $1,152,000. Trust Co. of Vermont purchased a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $1,331,000. XXEC Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $154,566,000. Rockland Trust Co. boosted its holdings in McCormick & Company, Incorporated by 6.2% in the 3rd quarter. Rockland Trust Co. now owns 393,414 shares of the company’s stock worth $18,254,000 after buying an additional 22,991 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in McCormick & Company, Incorporated in the 1st quarter worth approximately $2,955,000. Institutional investors own 79.74% of the company’s stock.

Insider Activity

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’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 value of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MKC shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. BNP Paribas Exane dropped their price target on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note 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 research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, September 21st. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Trading Up 1.2%

Shares of MKC stock opened at $47.34 on Friday. The stock’s fifty day simple moving average is $49.08 and its 200 day simple moving average is $53.54. McCormick & Company, Incorporated has a twelve month low of $43.25 and a twelve month high of $72.41. The firm has a market capitalization of $12.74 billion, a P/E ratio of 8.56, a P/E/G ratio of 2.00 and a beta of 0.65. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38.

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

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 34.72%.

McCormick & Company, Incorporated Company Profile

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.