12,695 McCormick & Company, Incorporated $MKC Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 23.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,453 shares of the company’s stock after selling 12,695 shares during the period. Jacobs & Co. CA’s holdings in McCormick & Company, Incorporated were worth $1,877,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investors Research Corp acquired a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at $1,152,000. Hsbc Holdings PLC grew its holdings in McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after purchasing an additional 47,119 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in McCormick & Company, Incorporated in the first quarter valued at $11,882,000. Trust Co. of Vermont bought a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $1,331,000. Finally, XXEC Inc. acquired a new position in shares of McCormick & Company, Incorporated during the second quarter worth approximately $154,566,000. Institutional investors own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

MKC has been the topic of a number of recent research reports. Barclays dropped their target price on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. BNP Paribas Exane dropped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. UBS Group reduced their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Stock Down 2.5%

Shares of McCormick & Company, Incorporated stock opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. McCormick & Company, Incorporated has a 52-week low of $43.25 and a 52-week high of $72.41. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.94 and a beta of 0.65. The company’s 50 day moving average price is $51.15 and its 200-day moving average price is $50.39.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 annualized dividend and a yield of 4.3%. McCormick & Company, Incorporated’s payout ratio is 34.72%.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.