Burns Matteson Capital Management LLC Buys 11,104 Shares of McCormick & Company, Incorporated $MKC

Burns Matteson Capital Management LLC purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,104 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MKC. Parvin Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the second quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $30,000. Ancora Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $34,000. Union Savings Bank purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $36,000. Finally, Essential Partners LLC lifted its position in shares of McCormick & Company, Incorporated by 146.5% in the 1st quarter. Essential Partners LLC now owns 742 shares of the company’s stock valued at $37,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, October 2nd. BNP Paribas Exane cut their target price on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Friday, October 2nd. Sanford C. Bernstein restated an “outperform” rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.30.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Trading Up 1.6%

NYSE:MKC opened at $46.44 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. McCormick & Company, Incorporated has a fifty-two week low of $43.25 and a fifty-two week high of $72.41. The stock’s 50-day moving average is $50.46 and its two-hundred day moving average is $50.14. The stock has a market cap of $12.50 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. McCormick & Company, Incorporated’s payout ratio is presently 34.72%.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.