24,927 Shares in McCormick & Company, Incorporated $MKC Bought by XXEC Inc.

XXEC Inc. purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,927 shares of the company’s stock, valued at approximately $1,196,000. McCormick & Company, Incorporated makes up about 0.0% of XXEC Inc.’s portfolio, making the stock its 26th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in McCormick & Company, Incorporated by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after buying an additional 628,390 shares during the period. PGGM Investments lifted its position in shares of McCormick & Company, Incorporated by 10.2% in the fourth quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after buying an additional 69,034 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after acquiring an additional 314,252 shares during the period. Hsbc Holdings PLC boosted its stake in shares of McCormick & Company, Incorporated by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after acquiring an additional 47,119 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $4,883,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.0%

MKC opened at $54.53 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.41. 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 company has a market capitalization of $14.66 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.80 and a beta of 0.64. The stock has a fifty day moving average of $52.20 and a 200-day moving average of $53.77.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated’s revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.5%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased 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. Barclays decreased 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, Jefferies Financial Group dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.50.

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by insiders.

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.