BDF Gestion Makes New Investment in McCormick & Company, Incorporated $MKC

BDF Gestion purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 33,165 shares of the company’s stock, valued at approximately $2,219,000.

Several other large investors also recently modified their holdings of the stock. Dupont Capital Management Corp acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at approximately $4,321,000. Bright Rock Capital Management LLC acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at $7,582,000. CW Advisors LLC bought a new stake in McCormick & Company, Incorporated during the 1st quarter valued at $1,099,000. Haverford Trust Co raised its holdings in McCormick & Company, Incorporated by 4.8% during the first quarter. Haverford Trust Co now owns 312,427 shares of the company’s stock worth $25,716,000 after buying an additional 14,381 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of McCormick & Company, Incorporated by 7.9% in the second quarter. Boston Trust Walden Corp now owns 1,083,026 shares of the company’s stock valued at $82,115,000 after buying an additional 79,548 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

MKC has been the subject of several recent research reports. Jefferies Financial Group decreased their target price on shares of McCormick & Company, Incorporated from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Stifel Nicolaus cut their target price on McCormick & Company, Incorporated from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.00.

McCormick & Company, Incorporated Stock Up 0.3%

MKC stock opened at $68.64 on Friday. The stock has a market cap of $18.42 billion, a P/E ratio of 23.75, a P/E/G ratio of 4.53 and a beta of 0.62. The company has a current ratio of 0.71, a quick ratio of 0.29 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $66.01 and its two-hundred day simple moving average is $69.14. McCormick & Company, Incorporated has a 1-year low of $62.64 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, October 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. McCormick & Company, Incorporated had a return on equity of 14.30% and a net margin of 11.46%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. Analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, December 29th will be paid a $0.48 dividend. The ex-dividend date is Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. McCormick & Company, Incorporated’s dividend payout ratio is presently 62.28%.

Insider Transactions at McCormick & Company, Incorporated

In related news, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the sale, the chief executive officer owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. The trade was a 34.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $65.86, for a total value of $3,293,000.00. Following the completion of the transaction, the insider owned 246,762 shares in the company, valued at approximately $16,251,745.32. The trade was a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 146,158 shares of company stock worth $9,557,324. Corporate insiders own 23.80% 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.