Teacher Retirement System of Texas Cuts Position in McCormick & Company, Incorporated $MKC

Teacher Retirement System of Texas decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 71.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,142 shares of the company’s stock after selling 84,783 shares during the period. Teacher Retirement System of Texas’ holdings in McCormick & Company, Incorporated were worth $2,218,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after buying an additional 925 shares in the last quarter. Empowered Funds LLC grew its stake in shares of McCormick & Company, Incorporated by 19.0% in the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares during the last quarter. Woodline Partners LP increased its holdings in shares of McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares in the last quarter. GC Wealth Management RIA LLC purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $420,000. Finally, Truist Financial Corp raised its position in shares of McCormick & Company, Incorporated by 3.1% in the 2nd quarter. Truist Financial Corp now owns 64,589 shares of the company’s stock worth $4,897,000 after purchasing an additional 1,928 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $61.33 on Friday. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.95 and a beta of 0.62. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The business’s fifty day moving average price is $66.39 and its 200-day moving average price is $67.54.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm earned $0.80 EPS. The business’s revenue was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.1%. McCormick & Company, Incorporated’s payout ratio is 65.53%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MKC. Wall Street Zen raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. TD Cowen cut their price target on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. Stifel Nicolaus reduced their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday. Finally, HSBC cut their target price on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $73.30.

Insider Activity at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider owned 246,762 shares in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was 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 owned 108,652 shares of the company’s stock, valued at $7,123,225.12. This trade represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,158 shares of company stock valued at $9,635,824 over the last 90 days. 23.80% of the stock is currently owned by company insiders.

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.