McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero Sells 5,000 Shares of Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $63.85, for a total transaction of $319,250.00. Following the transaction, the director owned 31,596 shares in the company, valued at approximately $2,017,404.60. This trade represents a 13.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $66.51 on Thursday. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The stock has a market cap of $17.85 billion, a P/E ratio of 22.70, a P/E/G ratio of 4.05 and a beta of 0.61. The stock’s fifty day moving average is $66.06 and its 200 day moving average is $67.28.

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 analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 65.53%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MKC. UBS Group cut their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. 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 research report on Friday, January 23rd. Finally, Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.30.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Hedge funds have recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at about $27,000. Anfield Capital Management LLC lifted its position in McCormick & Company, Incorporated by 161.3% during the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 242 shares during the period. Curio Wealth LLC grew its stake in shares of McCormick & Company, Incorporated by 39,900.0% in the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock valued at $30,000 after purchasing an additional 399 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 79.74% 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.