Y Intercept Hong Kong Ltd Purchases Shares of 26,927 McCormick & Company, Incorporated $MKC

Y Intercept Hong Kong Ltd acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,927 shares of the company’s stock, valued at approximately $1,802,000.

A number of other institutional investors and hedge funds have also modified their holdings of MKC. Vanguard Group Inc. lifted its stake in McCormick & Company, Incorporated by 1.7% during the second quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock worth $2,458,683,000 after purchasing an additional 553,862 shares during the period. Geode Capital Management LLC raised its stake in McCormick & Company, Incorporated by 2.1% during the second quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock worth $481,354,000 after acquiring an additional 133,800 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock valued at $283,399,000 after acquiring an additional 1,158,423 shares during the period. Norges Bank acquired a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $249,087,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of McCormick & Company, Incorporated by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,556,733 shares of the company’s stock worth $118,031,000 after purchasing an additional 13,670 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the firm’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 transaction, the chief executive officer owned 108,652 shares in the company, valued at $7,123,225.12. The trade was a 34.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 146,158 shares of company stock valued at $9,635,824. 23.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. HSBC dropped 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Jefferies Financial Group boosted their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.30.

McCormick & Company, Incorporated Trading Down 0.9%

NYSE:MKC opened at $61.33 on Friday. The company has a market cap of $16.46 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.95 and a beta of 0.62. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24. The business has a 50 day moving average price of $66.39 and a two-hundred day moving average price of $67.54. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, 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. Stockholders of record on Monday, December 29th were issued a dividend of $0.48 per share. This is an increase 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%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is 65.53%.

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.