United Asset Strategies Inc. Invests $487,000 in McCormick & Company, Incorporated $MKC

United Asset Strategies Inc. bought a new position in McCormick & Company, Incorporated (NYSE:MKC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,656 shares of the company’s stock, valued at approximately $487,000.

A number of other institutional investors have also added to or reduced their stakes in MKC. GoalVest Advisory LLC purchased a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $28,000. Deseret Mutual Benefit Administrators boosted its holdings 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 purchasing an additional 164 shares in the last quarter. Motiv8 Investments LLC purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $28,000. Zions Bancorporation National Association UT increased its position in shares of McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after purchasing an additional 357 shares during the last quarter. Finally, Union Savings Bank bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $36,000. Institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Gavin Hattersley bought 2,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director owned 2,906 shares in the company, valued at approximately $153,959.88. This trade represents a 220.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Up 1.1%

Shares of McCormick & Company, Incorporated stock opened at $52.35 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $73.84. The company’s 50 day moving average price is $48.37 and its 200-day moving average price is $57.23. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 2.59 and a beta of 0.63.

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

McCormick & Company, Incorporated Dividend Announcement

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

Wall Street Analysts Forecast Growth

MKC has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. UBS Group lifted their price target on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. TD Cowen lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. 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.