Liontrust Investment Partners LLP Sells 77,979 Shares of McCormick & Company, Incorporated $MKC

Liontrust Investment Partners LLP reduced its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 44.9% in the first quarter, HoldingsChannel reports. The firm owned 95,770 shares of the company’s stock after selling 77,979 shares during the period. Liontrust Investment Partners LLP’s holdings in McCormick & Company, Incorporated were worth $4,831,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators raised its holdings in McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after purchasing an additional 164 shares in the last quarter. Glen Eagle Advisors LLC boosted its holdings in shares of McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares in the last quarter. Van ECK Associates Corp grew its position in shares of McCormick & Company, Incorporated by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after buying an additional 171 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of McCormick & Company, Incorporated by 10.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after buying an additional 176 shares during the last quarter. Finally, Modern Wealth Management LLC raised its stake in shares of McCormick & Company, Incorporated by 5.9% during the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. UBS Group increased their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. TD Cowen lowered their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Finally, BTIG Research began coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $51.01 on Friday. The firm has a market capitalization of $13.71 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.58. The company’s fifty day moving average price is $49.65 and its 200-day moving average price is $55.31.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. The ex-dividend date 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 presently 31.95%.

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.