South Dakota Investment Council Purchases Shares of 9,800 McCormick & Company, Incorporated $MKC

South Dakota Investment Council purchased a new position in McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, HoldingsChannel reports. The institutional investor purchased 9,800 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also made changes to their positions in MKC. Goldman Sachs Group Inc. increased its position in shares of McCormick & Company, Incorporated by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after acquiring an additional 628,390 shares during the period. PGGM Investments lifted its position in McCormick & Company, Incorporated by 10.2% during the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock worth $50,851,000 after acquiring an additional 69,034 shares during the period. Vanguard Group Inc. grew its stake in McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after purchasing an additional 314,252 shares during the last quarter. Hsbc Holdings PLC grew its stake in McCormick & Company, Incorporated by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock valued at $34,086,000 after purchasing an additional 47,119 shares during the last quarter. Finally, Middleton & Co. Inc. MA acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $1,613,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $51.03 on Friday. The firm has a market capitalization of $13.72 billion, a P/E ratio of 8.49, a PEG ratio of 2.55 and a beta of 0.63. The stock has a 50-day simple moving average of $49.72 and a two-hundred day simple moving average of $55.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.58.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm 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%.The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MKC shares. Barclays decreased their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Jefferies Financial Group cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. TD Cowen decreased their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.50.

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.