12,900 Shares in McCormick & Company, Incorporated $MKC Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,900 shares of the company’s stock, valued at approximately $651,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of McCormick & Company, Incorporated by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after buying an additional 628,390 shares in the last quarter. PGGM Investments raised its holdings in McCormick & Company, Incorporated by 10.2% in the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after acquiring an additional 69,034 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of McCormick & Company, Incorporated by 76.9% during the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after acquiring an additional 16,300 shares during the period. Vanguard Group Inc. grew its holdings in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares in the last quarter. Finally, Scott & Selber Inc. bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $1,387,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 3.1%

McCormick & Company, Incorporated stock traded up $1.61 during trading hours on Tuesday, reaching $53.39. 256,272 shares of the company’s stock were exchanged, compared to its average volume of 4,343,710. The firm’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $57.47. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $73.84. 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 firm has a market capitalization of $14.35 billion, a PE ratio of 8.92, a PEG ratio of 2.68 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last announced its 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 return on equity of 12.78% and a net margin of 21.91%.The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share 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. Shareholders of record on Monday, July 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

Insider Buying and Selling

In other news, Director Gavin Hattersley acquired 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 2,906 shares in the company, valued at $153,959.88. The trade was a 220.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MKC. Jefferies Financial Group reduced their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. UBS Group boosted their target price 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. BNP Paribas Exane dropped their price target on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Barclays reduced their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.50.

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.