Sei Investments Co. Buys 375,471 Shares of McCormick & Company, Incorporated $MKC

Sei Investments Co. increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 86.5% during the first quarter, Holdings Channel reports. The institutional investor owned 809,720 shares of the company’s stock after purchasing an additional 375,471 shares during the quarter. Sei Investments Co.’s holdings in McCormick & Company, Incorporated were worth $40,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators boosted its position 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 acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $28,000. Zions Bancorporation National Association UT grew its holdings in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares during the last quarter. Union Savings Bank acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at $36,000. Finally, Glen Eagle Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MKC. Deutsche Bank Aktiengesellschaft upped their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Zacks Research raised McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Finally, TD Cowen cut their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Performance

MKC opened at $49.99 on Monday. The business’s 50-day simple moving average is $49.31 and its 200 day simple moving average is $55.74. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $73.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. The firm has a market capitalization of $13.44 billion, a PE ratio of 8.32, a PEG ratio of 2.50 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion during 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%.The business’s 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, sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend 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 presently 31.95%.

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.