McCormick & Company, Incorporated $MKC Shares Newly Bought by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 67,261 shares of the company’s stock, valued at approximately $3,121,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKC. Investors Research Corp acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at $1,152,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of McCormick & Company, Incorporated during the first quarter worth $11,882,000. Trust Co. of Vermont acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $1,331,000. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the second quarter worth about $154,566,000. Finally, Weiss Asset Management LP acquired a new position in shares of McCormick & Company, Incorporated during the 1st quarter worth approximately $2,955,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $48.10 on Friday. The company has a market capitalization of $12.94 billion, a PE ratio of 15.32, a P/E/G ratio of 2.06 and a beta of 0.65. McCormick & Company, Incorporated has a 52-week low of $43.25 and a 52-week high of $72.41. The company has a 50-day simple moving average of $49.83 and a 200-day simple moving average of $50.05. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MKC shares. Stifel Nicolaus cut their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating for the company in a report on Friday, October 2nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $59.00 price target on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Finally, Barclays lowered their target price on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.30.

Insider Buying and Selling

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the 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 sale, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.60% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.