22,850 Shares in McCormick & Company, Incorporated $MKC Acquired by Investors Research Corp

Investors Research Corp acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 22,850 shares of the company’s stock, valued at approximately $1,152,000.

Several other hedge funds also recently bought and sold shares of the business. Quantitative Investment Management LLC purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at $372,000. New Mexico Educational Retirement Board grew its holdings in shares of McCormick & Company, Incorporated by 8.6% in the second quarter. New Mexico Educational Retirement Board now owns 12,632 shares of the company’s stock worth $637,000 after purchasing an additional 1,000 shares during the last quarter. Mufg Securities Americas Inc. increased its stake in McCormick & Company, Incorporated by 9.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 7,650 shares of the company’s stock worth $386,000 after buying an additional 633 shares during the period. Field & Main Bank purchased a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $173,000. Finally, Wellington Management Group LLP lifted its holdings in McCormick & Company, Incorporated by 4.9% during the 2nd quarter. Wellington Management Group LLP now owns 92,160 shares of the company’s stock valued at $4,647,000 after buying an additional 4,323 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKC. TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. UBS Group lifted their price target on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Sanford C. Bernstein lowered their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Finally, Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Stock Up 0.3%

Shares of McCormick & Company, Incorporated stock opened at $54.36 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.76 and a beta of 0.64. The firm’s 50-day moving average is $52.69 and its two-hundred day moving average is $53.46. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last posted 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 during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly 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. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.5%. McCormick & Company, Incorporated’s payout ratio is 31.95%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.60% of the stock is owned by company insiders.

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.