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

Envestnet Asset Management Inc. raised its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 3.5% during the third quarter, HoldingsChannel.com reports. The firm owned 878,886 shares of the company’s stock after buying an additional 29,418 shares during the period. Envestnet Asset Management Inc.’s holdings in McCormick & Company, Incorporated were worth $58,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in McCormick & Company, Incorporated by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after acquiring an additional 925 shares in the last quarter. Empowered Funds LLC increased its position in shares of McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after purchasing an additional 941 shares during the last quarter. Woodline Partners LP raised its stake in shares of McCormick & Company, Incorporated by 40.9% in the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after purchasing an additional 6,189 shares in the last quarter. Callan Family Office LLC lifted its position in shares of McCormick & Company, Incorporated by 80.0% during the second quarter. Callan Family Office LLC now owns 5,058 shares of the company’s stock worth $383,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of McCormick & Company, Incorporated by 32.0% during the second quarter. Blue Trust Inc. now owns 2,048 shares of the company’s stock worth $155,000 after purchasing an additional 497 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKC has been the subject of a number of research analyst reports. HSBC lowered their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, December 15th. Jefferies Financial Group lifted their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. Finally, UBS Group cut their target price on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $67.88 on Tuesday. The firm has a market capitalization of $18.22 billion, a PE ratio of 23.17, a P/E/G ratio of 4.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a 12 month low of $59.62 and a 12 month high of $86.24. The company’s 50 day simple moving average is $66.07 and its 200 day simple moving average is $67.15.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.80 earnings per share. McCormick & Company, Incorporated’s revenue was up 2.9% compared to the same quarter last year. 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 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a $0.48 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

Insider Buying and Selling

In other news, CEO Brendan M. Foley sold 57,144 shares of the 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 completion of the sale, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the sale, the director owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 117,144 shares of company stock valued at $7,772,561. Company 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.