Wedbush Securities Inc. Acquires Shares of 11,355 McCormick & Company, Incorporated $MKC

Wedbush Securities Inc. bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,355 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds have also bought and sold shares of the company. Savvy Advisors Inc. boosted its holdings in McCormick & Company, Incorporated by 12.3% during the third quarter. Savvy Advisors Inc. now owns 9,698 shares of the company’s stock worth $649,000 after buying an additional 1,065 shares in the last quarter. Cibc World Market Inc. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $3,819,000. Caprock Group LLC purchased a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at approximately $1,080,000. Rhumbline Advisers lifted its position in shares of McCormick & Company, Incorporated by 2.4% during the 3rd quarter. Rhumbline Advisers now owns 546,636 shares of the company’s stock valued at $36,575,000 after buying an additional 13,006 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 101,606 shares of the company’s stock valued at $6,799,000 after acquiring an additional 2,008 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group boosted their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Finally, Barclays dropped their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Trading Down 0.1%

MKC opened at $71.57 on Friday. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61. The company’s 50 day simple moving average is $66.59 and its two-hundred day simple moving average is $67.15. 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.

McCormick & Company, Incorporated (NYSE:MKC) last posted 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 net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $0.80 EPS. McCormick & Company, Incorporated’s revenue for the quarter 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. Analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s 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 sale, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,000 shares of company stock worth $7,947,300 in the last ninety days. 23.80% of the stock is owned by insiders.

About McCormick & Company, Incorporated

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.