Martin Capital Partners LLC Decreases Stock Position in McCormick & Company, Incorporated $MKC

Martin Capital Partners LLC decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 45.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 69,325 shares of the company’s stock after selling 57,989 shares during the period. Martin Capital Partners LLC’s holdings in McCormick & Company, Incorporated were worth $3,495,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in McCormick & Company, Incorporated by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock worth $113,047,000 after purchasing an additional 628,390 shares in the last quarter. PGGM Investments increased its stake in McCormick & Company, Incorporated by 10.2% during the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after purchasing an additional 69,034 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of McCormick & Company, Incorporated by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after buying an additional 314,252 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after buying an additional 47,119 shares during the last quarter. Finally, Middleton & Co. Inc. MA acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $1,613,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MKC. Sanford C. Bernstein dropped their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. TD Cowen lowered their price target on 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 boosted their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, UBS Group lifted their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Trading Up 1.1%

NYSE MKC opened at $52.06 on Wednesday. The company has a market capitalization of $14.00 billion, a PE ratio of 8.66, a P/E/G ratio of 2.58 and a beta of 0.64. The company has a fifty day moving average of $49.90 and a 200 day moving average of $54.97. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $72.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.95%.

McCormick & Company, Incorporated Company 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.