McCormick & Company, Incorporated $MKC Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 9.4% during the second quarter, Holdings Channel reports. The institutional investor owned 240,383 shares of the company’s stock after purchasing an additional 20,563 shares during the quarter. Waverly Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $12,120,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MKC. California State Teachers Retirement System increased its holdings in shares of McCormick & Company, Incorporated by 4,040.2% in the 2nd quarter. California State Teachers Retirement System now owns 22,290,279 shares of the company’s stock valued at $1,123,876,000 after purchasing an additional 21,751,887 shares in the last quarter. State Street Corp boosted its holdings in McCormick & Company, Incorporated by 5.1% during the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock worth $1,038,632,000 after buying an additional 747,844 shares in the last quarter. Aristotle Capital Management LLC boosted its holdings in McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after buying an additional 8,848,235 shares in the last quarter. XXEC Inc. purchased a new position in McCormick & Company, Incorporated in the second quarter valued at about $154,566,000. Finally, Geode Capital Management LLC increased its holdings in McCormick & Company, Incorporated by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after buying an additional 59,587 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction on 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. TD Cowen dropped their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft boosted their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. UBS Group upped their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Sanford C. Bernstein dropped 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, Jefferies Financial Group cut their target price on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. 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, the stock currently has a consensus rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $51.43 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The firm has a fifty day moving average of $52.92 and a two-hundred day moving average of $52.70. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41. The firm has a market cap of $13.83 billion, a P/E ratio of 8.56, a P/E/G ratio of 2.04 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

McCormick & Company, Incorporated 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.