Savant Capital LLC Sells 20,204 Shares of McCormick & Company, Incorporated $MKC

Savant Capital LLC lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 81.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,456 shares of the company’s stock after selling 20,204 shares during the period. Savant Capital LLC’s holdings in McCormick & Company, Incorporated were worth $298,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MKC. Bank of Jackson Hole Trust bought a new stake in McCormick & Company, Incorporated during the second quarter worth $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth about $27,000. Anfield Capital Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 161.3% in the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Curio Wealth LLC raised its holdings 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 period. Finally, MTM Investment Management LLC acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

MKC has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, December 15th. HSBC cut 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. Stifel Nicolaus reduced their price objective 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. Finally, UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $71.57 on Friday. 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 stock’s fifty day moving average price is $66.59 and its two-hundred day moving average price is $67.15. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 4.57 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue 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. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current 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. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio is presently 65.53%.

Insider Buying and Selling

In related news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This trade represents a 14.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock valued at $7,947,300 over the last 90 days. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Company 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.