Epoch Investment Partners Inc. Has $47.39 Million Stake in McCormick & Company, Incorporated $MKC

Epoch Investment Partners Inc. lifted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 29.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 939,542 shares of the company’s stock after buying an additional 211,763 shares during the period. Epoch Investment Partners Inc.’s holdings in McCormick & Company, Incorporated were worth $47,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in shares of McCormick & Company, Incorporated by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after acquiring an additional 628,390 shares during the period. PGGM Investments increased its position in shares of McCormick & Company, Incorporated by 10.2% in the fourth quarter. PGGM Investments now owns 746,607 shares of the company’s stock worth $50,851,000 after purchasing an additional 69,034 shares during the period. Vanguard Group Inc. increased its position in shares of McCormick & Company, Incorporated by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares during the period. Hsbc Holdings PLC raised its stake in McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock valued at $34,086,000 after purchasing an additional 47,119 shares in the last quarter. Finally, Middleton & Co. Inc. MA acquired a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $1,613,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. UBS Group boosted their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Jefferies Financial Group cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, Sanford C. Bernstein reduced their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on 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 Price Performance

McCormick & Company, Incorporated stock opened at $49.99 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $73.84. The stock has a market capitalization of $13.44 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The stock has a fifty day moving average of $49.31 and a 200-day moving average of $55.81.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The business had revenue of $1.94 billion during 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%.McCormick & Company, Incorporated’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. McCormick & Company, Incorporated’s dividend payout ratio is 31.95%.

McCormick & Company, Incorporated 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.