Puzo Michael J lowered its position in McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 42.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,009 shares of the company’s stock after selling 18,518 shares during the period. Puzo Michael J’s holdings in McCormick & Company, Incorporated were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators raised its holdings in shares of 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 buying an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. Zions Bancorporation National Association UT boosted its holdings in McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after acquiring an additional 357 shares during the period. Union Savings Bank purchased a new position in McCormick & Company, Incorporated during the 4th quarter valued at $36,000. Finally, Glen Eagle Advisors LLC grew its position in 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 acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. HSBC decreased their target price on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. BTIG Research began coverage on shares of McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Stifel Nicolaus dropped their target price on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.50.
McCormick & Company, Incorporated Stock Up 1.2%
NYSE:MKC opened at $52.31 on Tuesday. 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 $73.84. The company has a 50-day moving average of $48.91 and a 200 day moving average of $56.20. The firm has a market cap of $14.06 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last posted 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. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.
McCormick & Company, Incorporated Announces Dividend
The firm also recently disclosed 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 of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. McCormick & Company, Incorporated’s payout ratio is 31.95%.
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.
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