McCormick & Company, Incorporated $MKC Stock Holdings Trimmed by Dearborn Partners LLC

Dearborn Partners LLC lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,437 shares of the company’s stock after selling 37,110 shares during the quarter. Dearborn Partners LLC’s holdings in McCormick & Company, Incorporated were worth $16,409,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $3,659,000. XXEC Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $1,196,000. Parvin Asset Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $25,000. Magnolia Capital Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $4,461,000. Finally, Ancora Advisors LLC bought a new position in McCormick & Company, Incorporated during the second quarter worth $34,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.0%

MKC stock opened at $54.53 on Friday. The stock has a market cap of $14.66 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The firm’s 50-day simple moving average is $52.20 and its 200 day simple moving average is $53.77. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.41. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.69 EPS. McCormick & Company, Incorporated’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. As a group, sell-side analysts predict that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.5%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is owned by company insiders.

Analyst Ratings Changes

MKC has been the subject of a number of research reports. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective 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. UBS Group lifted their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, TD Cowen lowered their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.