McCormick & Company, Incorporated $MKC Shares Acquired by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,840 shares of the company’s stock after acquiring an additional 16,084 shares during the period. McCormick & Company, Incorporated comprises 1.6% of Van Cleef Asset Management Inc’s holdings, making the stock its 16th biggest position. Van Cleef Asset Management Inc owned about 0.11% of McCormick & Company, Incorporated worth $15,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 worth $2,225,828,000 after purchasing an additional 314,252 shares during the period. State Street Corp raised its stake in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after buying an additional 59,587 shares during the period. Invesco Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 3.1% in the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock valued at $437,467,000 after buying an additional 190,607 shares during the period. Finally, Aristotle Capital Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $259,918,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MKC. Barclays dropped their target price on 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. UBS Group upped their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. HSBC cut their target price on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated Price Performance

MKC stock traded up $0.91 during mid-day trading on Friday, reaching $52.45. 3,391,710 shares of the company’s stock were exchanged, compared to its average volume of 5,031,301. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $73.84. The stock’s 50 day moving average is $48.44 and its 200 day moving average is $56.96. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business 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 business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous 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, research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio is currently 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.