Principal Financial Group Inc. Grows Stock Position in McCormick & Company, Incorporated $MKC

Principal Financial Group Inc. grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 5.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 298,593 shares of the company’s stock after acquiring an additional 15,130 shares during the period. Principal Financial Group Inc. owned about 0.11% of McCormick & Company, Incorporated worth $15,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC purchased a new position in shares of McCormick & Company, Incorporated in the first quarter valued at $278,000. Global Assets Advisory LLC purchased a new position in McCormick & Company, Incorporated in the first quarter valued at about $70,000. Welch & Forbes LLC boosted its holdings in McCormick & Company, Incorporated by 13.7% in the first quarter. Welch & Forbes LLC now owns 19,531 shares of the company’s stock valued at $985,000 after purchasing an additional 2,358 shares during the last quarter. Midwest Trust Co raised its position in shares of McCormick & Company, Incorporated by 2.1% during the 1st quarter. Midwest Trust Co now owns 142,224 shares of the company’s stock worth $7,174,000 after buying an additional 2,946 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of McCormick & Company, Incorporated by 61.6% in the 1st quarter. Fifth Third Bancorp now owns 188,597 shares of the company’s stock worth $9,513,000 after acquiring an additional 71,903 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $50.22 on Friday. The firm has a market cap of $13.50 billion, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The stock’s 50-day moving average is $49.23 and its two-hundred day moving average is $55.85. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $73.84. 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 (NYSE:MKC) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. HSBC decreased their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. BNP Paribas Exane lowered their price target on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Finally, UBS Group upped their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.

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.