Public Employees Retirement System of Ohio Takes $3.66 Million Position in McCormick & Company, Incorporated $MKC

Public Employees Retirement System of Ohio purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 72,569 shares of the company’s stock, valued at approximately $3,659,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MKC. Parvin Asset Management LLC acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $25,000. Deseret Mutual Benefit Administrators grew its holdings in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth $28,000. Byrne Asset Management LLC bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $30,000. Finally, Zions Bancorporation National Association UT increased its position in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MKC. TD Cowen reduced their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Jefferies Financial Group lowered their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Sanford C. Bernstein cut their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Barclays decreased their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Down 2.1%

Shares of McCormick & Company, Incorporated stock opened at $52.65 on Friday. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.11 and a beta of 0.64. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.41. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $52.90 and its 200-day simple moving average is $53.20.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (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 analyst estimates 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 for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.60% 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.