Trust Co. of Vermont Acquires Shares of 26,403 McCormick & Company, Incorporated $MKC

Trust Co. of Vermont bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,403 shares of the company’s stock, valued at approximately $1,331,000.

Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in shares of McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $28,000. Byrne Asset Management LLC purchased a new stake in McCormick & Company, Incorporated in the second quarter worth $30,000. Zions Bancorporation National Association UT grew its stake in McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares during the period. Finally, Union Savings Bank bought a new position in McCormick & Company, Incorporated in the fourth quarter worth $36,000. Institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Up 2.7%

Shares of NYSE:MKC opened at $55.40 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $51.18 and a two-hundred day simple moving average of $54.20. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.58. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.74 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’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, research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors 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 yield of 3.5%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Sanford C. Bernstein lowered their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. TD Cowen lowered their price target on shares of 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. UBS Group boosted their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.50.

About McCormick & Company, Incorporated

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.