Moseley Investment Management Inc. Purchases 330 Shares of McCormick & Company, Incorporated $MKC

Moseley Investment Management Inc. raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,255 shares of the company’s stock after purchasing an additional 330 shares during the period. Moseley Investment Management Inc.’s holdings in McCormick & Company, Incorporated were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Analysts LLC bought a new position in McCormick & Company, Incorporated during the first quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in McCormick & Company, Incorporated during the first quarter valued at $28,000. Wayfinding Financial LLC bought a new position in McCormick & Company, Incorporated during the first quarter valued at $30,000. Salem Investment Counselors Inc. grew its holdings in McCormick & Company, Incorporated by 610.9% during the first quarter. Salem Investment Counselors Inc. now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 336 shares during the period. Finally, Stonebridge Financial Group LLC grew its holdings in McCormick & Company, Incorporated by 101.0% during the first quarter. Stonebridge Financial Group LLC now owns 402 shares of the company’s stock valued at $33,000 after purchasing an additional 202 shares during the period. 79.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MKC. UBS Group cut their price target on McCormick & Company, Incorporated from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays cut their price target on McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on McCormick & Company, Incorporated from $79.00 to $71.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Citigroup cut their price target on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, June 17th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $78.22.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $66.05 on Friday. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 3.61 and a beta of 0.63. McCormick & Company, Incorporated has a 52-week low of $63.66 and a 52-week high of $86.24. The stock has a fifty day moving average of $68.61 and a 200 day moving average of $72.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.27 and a current ratio of 0.71.

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

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.80 annualized dividend and a yield of 2.7%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 62.28%.

McCormick & Company, Incorporated Profile

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.