McCormick & Company, Incorporated $MKC Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 2.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 546,636 shares of the company’s stock after buying an additional 13,006 shares during the quarter. Rhumbline Advisers’ holdings in McCormick & Company, Incorporated were worth $36,575,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in shares of McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after acquiring an additional 148 shares in the last quarter. Nicholson Wealth Management Group LLC raised its stake in McCormick & Company, Incorporated by 1.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock valued at $1,450,000 after purchasing an additional 181 shares during the last quarter. Modern Wealth Management LLC raised its stake in McCormick & Company, Incorporated by 5.9% in the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after purchasing an additional 181 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after purchasing an additional 185 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of McCormick & Company, Incorporated by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock worth $2,044,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.1%

MKC stock opened at $71.57 on Friday. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.57 and a beta of 0.61. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $66.59 and a 200-day simple moving average of $67.15. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued 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). 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 was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.48 dividend. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.7%. McCormick & Company, Incorporated’s payout ratio is 65.53%.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on 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 transaction, the insider owned 246,762 shares in the company, valued at approximately $16,639,161.66. The trade was a 16.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last ninety days. Corporate insiders own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MKC. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. TD Cowen cut their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. UBS Group reduced their price target on 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. Jefferies Financial Group raised their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average price target of $73.30.

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.