Fluent Financial LLC Takes Position in McCormick & Company, Incorporated $MKC

Fluent Financial LLC purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, Holdings Channel reports. The fund purchased 28,133 shares of the company’s stock, valued at approximately $1,418,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its stake in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares during the last quarter. Glen Eagle Advisors LLC grew its position in McCormick & Company, Incorporated by 42.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after acquiring an additional 170 shares during the last quarter. Van ECK Associates Corp increased its holdings in McCormick & Company, Incorporated by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after purchasing an additional 171 shares in the last quarter. Smartleaf Asset Management LLC raised its position in McCormick & Company, Incorporated by 10.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock valued at $131,000 after purchasing an additional 176 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.0%

NYSE MKC opened at $52.94 on Monday. The business’s 50-day moving average price is $50.22 and its two-hundred day moving average price is $54.66. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $72.58. The firm has a market capitalization of $14.23 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors 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 yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

Analyst Ratings Changes

MKC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. 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 report on Friday, June 26th. Sanford C. Bernstein decreased their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.

About McCormick & Company, Incorporated

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.