SG Americas Securities LLC Has $13.90 Million Stake in McCormick & Company, Incorporated $MKC

SG Americas Securities LLC lifted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 58.3% in the first quarter, Holdings Channel.com reports. The firm owned 275,583 shares of the company’s stock after acquiring an additional 101,467 shares during the quarter. SG Americas Securities LLC’s holdings in McCormick & Company, Incorporated were worth $13,900,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Aristotle Capital Management LLC acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at approximately $259,918,000. Invesco Ltd. lifted its position in McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock worth $417,006,000 after buying an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of McCormick & Company, Incorporated by 67.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $64,522,000. Finally, Norges Bank purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at $62,711,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Up 5.5%

Shares of MKC stock opened at $51.00 on Friday. The stock’s 50 day simple moving average is $48.39 and its 200 day simple moving average is $57.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.78. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $78.03. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 2.39 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. 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. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.48%.

Insider Activity

In other news, Director Gavin Hattersley bought 2,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the purchase, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This represents a 220.75% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.60% of the company’s stock.

Key Stories Impacting McCormick & Company, Incorporated

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick beat Q2 estimates with adjusted EPS of $0.80 versus $0.69 expected and revenue of $1.94 billion versus $1.91 billion expected, while revenue rose 16.7% year over year. The company also reaffirmed its 2026 outlook, easing concern about a near-term slowdown. Article Title
• Positive Sentiment: Management highlighted margin strength, with gross margin expansion and cost savings helping offset softer U.S. consumer spice trends, and said Flavor Solutions remained a bright spot. Article Title
• Positive Sentiment: Several analysts nudged targets higher or kept constructive ratings after the report, including UBS raising its target to $52, Deutsche Bank to $60 with a buy rating, TD Cowen trimming its target to $60 but maintaining buy, and Sanford C. Bernstein lowering its target to $68 while keeping outperform. These updates suggest Wall Street sees upside, even if expectations have been recalibrated. Article Title
• Neutral Sentiment: Barclays cut its target to $55 and kept an equal-weight rating, indicating a more cautious stance that may limit enthusiasm. Article Title

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MKC shares. Zacks Research raised McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings cut McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. UBS Group increased their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group cut 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. Finally, Stifel Nicolaus reduced their target price on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.