McCormick & Company, Incorporated $MKC Shares Acquired by Diamant Asset Management Inc.

Diamant Asset Management Inc. lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4,848.6% in the first quarter, HoldingsChannel.com reports. The firm owned 1,046,630 shares of the company’s stock after acquiring an additional 1,025,480 shares during the quarter. Diamant Asset Management Inc.’s holdings in McCormick & Company, Incorporated were worth $52,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $113,047,000 after acquiring an additional 628,390 shares during the period. PGGM Investments boosted its position in shares of McCormick & Company, Incorporated by 10.2% during the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock worth $50,851,000 after purchasing an additional 69,034 shares during the period. WINTON GROUP Ltd increased its holdings in McCormick & Company, Incorporated by 76.9% in the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after purchasing an additional 16,300 shares during the last quarter. Vanguard Group Inc. increased its holdings in McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after purchasing an additional 314,252 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in McCormick & Company, Incorporated in the third quarter valued at approximately $48,576,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated News Summary

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick beat Q2 estimates with adjusted EPS of $0.80 versus $0.69 expected and revenue of $1.94 billion versus $1.91 billion expected, while revenue rose 16.7% year over year. The company also reaffirmed its 2026 outlook, easing concern about a near-term slowdown. Article Title
• Positive Sentiment: Management highlighted margin strength, with gross margin expansion and cost savings helping offset softer U.S. consumer spice trends, and said Flavor Solutions remained a bright spot. Article Title
• Positive Sentiment: Several analysts nudged targets higher or kept constructive ratings after the report, including UBS raising its target to $52, Deutsche Bank to $60 with a buy rating, TD Cowen trimming its target to $60 but maintaining buy, and Sanford C. Bernstein lowering its target to $68 while keeping outperform. These updates suggest Wall Street sees upside, even if expectations have been recalibrated. Article Title
• Neutral Sentiment: Barclays cut its target to $55 and kept an equal-weight rating, indicating a more cautious stance that may limit enthusiasm. Article Title

Insider Buying and Selling

In related news, Director Gavin Hattersley purchased 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the purchase, the director directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This trade represents a 220.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $51.00 on Friday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $78.03. The firm’s fifty day simple moving average is $48.39 and its 200-day simple moving average is $57.97. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 2.52 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

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, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is 31.95%.

Wall Street Analyst Weigh In

MKC has been the topic of a number of research reports. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. UBS Group boosted their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen decreased their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $60.50.

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.