McCormick & Company, Incorporated $MKC Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 758.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,933 shares of the company’s stock after purchasing an additional 75,922 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in McCormick & Company, Incorporated were worth $4,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MKC. Deseret Mutual Benefit Administrators increased its stake in McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $28,000. Zions Bancorporation National Association UT lifted its position in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares during the last quarter. Union Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $36,000. Finally, Glen Eagle Advisors LLC boosted its holdings in shares of McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $51.01 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $49.65 and its two-hundred day moving average price is $55.31. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $72.58. The stock has a market cap of $13.71 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MKC shares. TD Cowen lowered their price objective on shares of 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. Barclays cut their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Sanford C. Bernstein decreased their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, UBS Group increased their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.50.

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.