Caxton Associates LLP Takes Position in McCormick & Company, Incorporated $MKC

Caxton Associates LLP purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 48,255 shares of the company’s stock, valued at approximately $2,434,000.

A number of other hedge funds have also bought and sold shares of MKC. Goldman Sachs Group Inc. raised its position in shares of McCormick & Company, Incorporated by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after acquiring an additional 628,390 shares in the last quarter. PGGM Investments lifted its stake in McCormick & Company, Incorporated by 10.2% during the fourth quarter. PGGM Investments now owns 746,607 shares of the company’s stock worth $50,851,000 after purchasing an additional 69,034 shares during the last quarter. Vanguard Group Inc. boosted its holdings in McCormick & Company, Incorporated by 1.0% in the fourth 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 during the period. Hsbc Holdings PLC boosted 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. Finally, Middleton & Co. Inc. MA bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at $1,613,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Down 0.4%

Shares of MKC stock opened at $49.99 on Friday. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $73.84. The firm has a market capitalization of $13.44 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.51 and a beta of 0.63. The stock has a fifty day moving average of $49.31 and a two-hundred day moving average of $55.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MKC. TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research 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 on the stock in a research note on Friday, June 26th. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Company 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.