Reik & CO. LLC Sells 8,238 Shares of McCormick & Company, Incorporated $MKC

Reik & CO. LLC cut its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 440,356 shares of the company’s stock after selling 8,238 shares during the period. McCormick & Company, Incorporated comprises 7.6% of Reik & CO. LLC’s investment portfolio, making the stock its 5th biggest position. Reik & CO. LLC’s holdings in McCormick & Company, Incorporated were worth $29,464,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MKC. Transcend Capital Advisors LLC grew its holdings in McCormick & Company, Incorporated by 39.1% in the 3rd quarter. Transcend Capital Advisors LLC now owns 3,866 shares of the company’s stock valued at $259,000 after buying an additional 1,087 shares during the last quarter. Berman McAleer LLC acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $610,000. National Pension Service boosted its position in shares of McCormick & Company, Incorporated by 0.5% in the third quarter. National Pension Service now owns 427,422 shares of the company’s stock valued at $28,599,000 after acquiring an additional 2,171 shares during the period. Arizona State Retirement System grew its stake in shares of McCormick & Company, Incorporated by 1.7% in the third quarter. Arizona State Retirement System now owns 75,082 shares of the company’s stock worth $5,024,000 after acquiring an additional 1,228 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in McCormick & Company, Incorporated by 83.4% during the third quarter. AustralianSuper Pty Ltd now owns 13,072 shares of the company’s stock worth $875,000 after acquiring an additional 5,945 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $61.80 on Friday. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market cap of $16.59 billion, a P/E ratio of 21.09, a PEG ratio of 3.92 and a beta of 0.62. The company’s 50-day simple moving average is $66.27 and its 200 day simple moving average is $67.44.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. HSBC reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Hsbc Global Res upgraded McCormick & Company, Incorporated to a “hold” rating in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus target price of $73.30.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the transaction, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. The trade was a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,158 shares of company stock worth $9,635,824 over the last quarter. Company insiders own 23.80% of the company’s stock.

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.