McCormick & Company, Incorporated $MKC Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 104,971 shares of the company’s stock, valued at approximately $4,871,000.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC increased its holdings in McCormick & Company, Incorporated by 2.6% in the 3rd quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company’s stock valued at $149,514,000 after purchasing an additional 82,353 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in McCormick & Company, Incorporated by 29.4% during the third quarter. Parcion Private Wealth LLC now owns 9,130 shares of the company’s stock worth $424,000 after purchasing an additional 2,075 shares in the last quarter. United Asset Strategies Inc. lifted its stake in McCormick & Company, Incorporated by 7.5% during the third quarter. United Asset Strategies Inc. now owns 13,513 shares of the company’s stock worth $627,000 after purchasing an additional 937 shares in the last quarter. North Dakota State Investment Board lifted its stake in McCormick & Company, Incorporated by 3.5% during the third quarter. North Dakota State Investment Board now owns 7,796 shares of the company’s stock worth $362,000 after purchasing an additional 266 shares in the last quarter. Finally, VestGen Advisors LLC lifted its stake in McCormick & Company, Incorporated by 6.2% during the third quarter. VestGen Advisors LLC now owns 12,507 shares of the company’s stock worth $580,000 after purchasing an additional 729 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.7%

Shares of NYSE:MKC opened at $50.11 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $43.25 and a fifty-two week high of $72.41. The firm’s 50 day moving average price is $48.61 and its 200 day moving average price is $53.17. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.13 and a beta of 0.66.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 34.72%.

Analysts Set New Price Targets

Several research firms have recently commented on MKC. Sanford C. Bernstein restated an “outperform” rating and set a $59.00 price target on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Stifel Nicolaus cut their price objective on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. UBS Group decreased their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered their target price on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.30.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.