Dempze Nancy E Has $2.67 Million Position in McCormick & Company, Incorporated $MKC

Dempze Nancy E increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 35,195 shares of the company’s stock after acquiring an additional 895 shares during the period. McCormick & Company, Incorporated accounts for about 1.5% of Dempze Nancy E’s portfolio, making the stock its 26th largest position. Dempze Nancy E’s holdings in McCormick & Company, Incorporated were worth $2,668,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. EagleClaw Capital Managment LLC boosted its holdings in shares of McCormick & Company, Incorporated by 0.4% in the first quarter. EagleClaw Capital Managment LLC now owns 36,670 shares of the company’s stock valued at $3,018,000 after buying an additional 135 shares during the period. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 5.0% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 3,506 shares of the company’s stock valued at $289,000 after buying an additional 167 shares during the period. Horizon Investments LLC lifted its position in shares of McCormick & Company, Incorporated by 5.0% in the first quarter. Horizon Investments LLC now owns 3,621 shares of the company’s stock worth $296,000 after purchasing an additional 173 shares in the last quarter. ORG Partners LLC lifted its position in shares of McCormick & Company, Incorporated by 13.2% in the second quarter. ORG Partners LLC now owns 1,484 shares of the company’s stock worth $115,000 after purchasing an additional 173 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of McCormick & Company, Incorporated by 3.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 6,017 shares of the company’s stock worth $495,000 after purchasing an additional 184 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on MKC shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of McCormick & Company, Incorporated from $79.00 to $71.00 and set a “hold” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of McCormick & Company, Incorporated from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus cut their price objective on shares of McCormick & Company, Incorporated from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Wednesday. Jefferies Financial Group cut their price objective on shares of McCormick & Company, Incorporated from $84.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $78.22.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $65.79 on Thursday. The firm has a market capitalization of $17.66 billion, a PE ratio of 22.76, a PEG ratio of 3.27 and a beta of 0.63. The company’s 50-day moving average is $68.70 and its 200-day moving average is $72.64. McCormick & Company, Incorporated has a fifty-two week low of $63.66 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.27.

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

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, October 14th. McCormick & Company, Incorporated’s dividend payout ratio is presently 62.28%.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.