133,195 Shares in McCormick & Company, Incorporated $MKC Acquired by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 133,195 shares of the company’s stock, valued at approximately $6,716,000.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky grew its holdings in shares of McCormick & Company, Incorporated by 8.9% in the 2nd quarter. Independence Bank of Kentucky now owns 7,610 shares of the company’s stock valued at $384,000 after buying an additional 625 shares during the period. Midwest Professional Planners LTD. acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth $241,000. Investors Research Corp acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth $1,152,000. Quantitative Investment Management LLC bought a new position in McCormick & Company, Incorporated during the second quarter worth about $372,000. Finally, New Mexico Educational Retirement Board lifted its holdings in McCormick & Company, Incorporated by 8.6% during the second quarter. New Mexico Educational Retirement Board now owns 12,632 shares of the company’s stock worth $637,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $54.36 on Wednesday. The company has a fifty day moving average price of $52.69 and a 200 day moving average price of $53.46. The firm has a market cap of $14.61 billion, a PE ratio of 9.04, a PEG ratio of 2.76 and a beta of 0.64. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts predict that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.5%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.60% of the company’s stock.

Analysts Set New Price Targets

MKC has been the subject of a number of research analyst reports. Barclays decreased their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Jefferies Financial Group dropped their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, TD Cowen lowered their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $60.50.

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.