Leonteq Securities AG Boosts Stock Position in McCormick & Company, Incorporated $MKC

Leonteq Securities AG lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 1,678.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 252,810 shares of the company’s stock after purchasing an additional 238,598 shares during the quarter. Leonteq Securities AG’s holdings in McCormick & Company, Incorporated were worth $12,752,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in McCormick & Company, Incorporated by 156.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 98,194 shares of the company’s stock valued at $4,953,000 after purchasing an additional 59,950 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of McCormick & Company, Incorporated by 330.3% in the 1st quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company’s stock worth $35,051,000 after buying an additional 533,437 shares during the last quarter. USS Investment Management Ltd increased its holdings in shares of McCormick & Company, Incorporated by 14.0% in the 1st quarter. USS Investment Management Ltd now owns 71,571 shares of the company’s stock worth $3,610,000 after buying an additional 8,802 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of McCormick & Company, Incorporated by 5.9% during the 1st quarter. IFM Investors Pty Ltd now owns 52,775 shares of the company’s stock valued at $2,662,000 after buying an additional 2,925 shares in the last quarter. Finally, First Pacific Financial raised its position in shares of McCormick & Company, Incorporated by 2.7% during the 1st quarter. First Pacific Financial now owns 12,165 shares of the company’s stock valued at $614,000 after buying an additional 321 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Insider Activity

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares in the company, valued at $153,959.88. This represents a 220.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.60% of the stock is owned by company insiders.

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $53.45 on Friday. The firm has a 50-day moving average price of $48.32 and a 200-day moving average price of $57.57. The firm has a market capitalization of $14.36 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63. 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 12-month low of $44.82 and a 12-month high of $76.58.

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

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is 31.95%.

Analyst Ratings Changes

Several research analysts recently commented on MKC shares. Weiss Ratings lowered McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. UBS Group upped their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. TD Cowen decreased their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. BTIG Research began coverage on McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group dropped their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.