McCormick & Company, Incorporated (NYSE:MKC) Short Interest Update

McCormick & Company, Incorporated (NYSE:MKC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,901,086 shares, a drop of 15.1% from the December 31st total of 11,667,583 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 3,194,158 shares, the days-to-cover ratio is presently 3.1 days. Based on an average daily trading volume, of 3,194,158 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.8% of the company’s shares are sold short.

McCormick & Company, Incorporated Stock Up 3.6%

McCormick & Company, Incorporated stock traded up $2.18 during trading on Tuesday, reaching $63.28. The stock had a trading volume of 4,671,016 shares, compared to its average volume of 4,600,049. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The stock has a market cap of $16.99 billion, a PE ratio of 21.60, a P/E/G ratio of 3.91 and a beta of 0.61. The business has a 50 day moving average price of $66.07 and a 200 day moving average price of $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 for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, December 29th. This is an increase 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

Several research firms recently issued reports on MKC. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, December 15th. HSBC cut their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Hsbc Global Res upgraded shares of McCormick & Company, Incorporated to a “hold” rating in a report on Friday, January 23rd. Finally, Stifel Nicolaus reduced their target price on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a 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, the company presently has an average rating of “Hold” and an average price target of $73.30.

Insider Activity

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

Hedge Funds Weigh In On McCormick & Company, Incorporated

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth approximately $249,087,000. Invesco Ltd. lifted its position in McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP lifted its position in McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. State Street Corp boosted its stake in McCormick & Company, Incorporated by 5.1% in the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after acquiring an additional 747,844 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of McCormick & Company, Incorporated during the third quarter worth about $48,576,000. 79.74% of the stock is owned by institutional investors and hedge funds.

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.