Davis R M Inc. Sells 25,676 Shares of McCormick & Company, Incorporated $MKC

Davis R M Inc. trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 24.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,883 shares of the company’s stock after selling 25,676 shares during the period. Davis R M Inc.’s holdings in McCormick & Company, Incorporated were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of McCormick & Company, Incorporated by 60.9% during 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 during the last quarter. PGGM Investments grew 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 valued at $50,851,000 after acquiring an additional 69,034 shares in the last quarter. Vanguard Group Inc. grew its stake in McCormick & Company, Incorporated by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after acquiring an additional 314,252 shares in the last quarter. Middleton & Co. Inc. MA bought a new stake in McCormick & Company, Incorporated in the 4th quarter valued at $1,613,000. Finally, Hsbc Holdings PLC lifted its stake in McCormick & Company, Incorporated by 10.4% in the 4th 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 in the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

MKC has been the subject of a number of research analyst reports. BNP Paribas Exane cut their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. BTIG Research assumed coverage on McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Stifel Nicolaus cut their target price on shares of 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, TD Cowen decreased their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Trading Down 0.6%

Shares of MKC opened at $52.04 on Thursday. The company has a 50-day moving average of $49.16 and a 200 day moving average of $55.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. 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 $13.99 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 2.62 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

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.