Janus Henderson Group PLC Boosts Stake in McCormick & Company, Incorporated $MKC

Janus Henderson Group PLC boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 68.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 32,990 shares of the company’s stock after purchasing an additional 13,366 shares during the period. Janus Henderson Group PLC’s holdings in McCormick & Company, Incorporated were worth $1,664,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators lifted its stake in McCormick & Company, Incorporated by 67.8% during the fourth 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 during the fourth quarter worth $28,000. Zions Bancorporation National Association UT grew its stake in shares of McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after buying an additional 357 shares in the last quarter. Union Savings Bank acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at $36,000. Finally, Glen Eagle Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. BTIG Research initiated coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein lowered their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Finally, UBS Group lifted their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $52.94 on Monday. The business has a 50 day moving average price of $50.22 and a 200 day moving average price of $54.66. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.64. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.58.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. 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. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. 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.