McCormick & Company, Incorporated (NYSE:MKC) Major Shareholder Lawrence Erik Kurzius Sells 50,000 Shares of Stock

McCormick & Company, Incorporated (NYSE:MKC) major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This trade represents a 14.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Lawrence Erik Kurzius also recently made the following trade(s):

• On Tuesday, January 13th, Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00.

McCormick & Company, Incorporated Stock Down 0.1%

Shares of NYSE MKC opened at $71.57 on Friday. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The firm has a fifty day moving average of $66.59 and a 200-day moving average of $67.19. The stock has a market capitalization of $19.21 billion, a PE ratio of 24.43, a P/E/G ratio of 4.58 and a beta of 0.61. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio is presently 65.53%.

Institutional Trading of McCormick & Company, Incorporated

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its holdings in McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after purchasing an additional 148 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in McCormick & Company, Incorporated by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock worth $1,443,000 after purchasing an additional 157 shares during the last quarter. Ransom Advisory Ltd raised its position in shares of McCormick & Company, Incorporated by 3.6% in the 4th quarter. Ransom Advisory Ltd now owns 4,625 shares of the company’s stock valued at $315,000 after purchasing an additional 160 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of McCormick & Company, Incorporated by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock valued at $122,000 after buying an additional 171 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MKC shares. JPMorgan Chase & Co. cut their price target on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, TD Cowen cut their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.30.

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.