McCormick & Company, Incorporated $MKC Shares Bought by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3,178.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,048 shares of the company’s stock after buying an additional 32,040 shares during the quarter. Strengthening Families & Communities LLC’s holdings in McCormick & Company, Incorporated were worth $2,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKC. Bank of Jackson Hole Trust acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $27,000. Anfield Capital Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 161.3% in the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. Curio Wealth LLC raised its holdings in shares of McCormick & Company, Incorporated by 39,900.0% in the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 399 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in McCormick & Company, Incorporated during the second quarter worth approximately $30,000. 79.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MKC. Weiss Ratings restated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Tuesday, October 14th. UBS Group reduced their price objective on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, TD Cowen dropped their target price on shares of 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 eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.30.

McCormick & Company, Incorporated Stock Down 1.3%

NYSE:MKC opened at $61.03 on Tuesday. The business’s fifty day moving average price is $66.15 and its 200 day moving average price is $67.34. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.95 and a beta of 0.61. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The company’s 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, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the sale, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This trade represents a 16.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total value of $3,746,360.64. Following the sale, the chief executive officer owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 146,158 shares of company stock valued at $9,635,824 in the last three months. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated 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.