Natural Investments LLC Has $516,000 Stake in McCormick & Company, Incorporated $MKC

Natural Investments LLC reduced its stake in shares of McCormick & Company, Incorporated (NYSE:MKCFree Report) by 56.7% in the second quarter, HoldingsChannel.com reports. The firm owned 10,253 shares of the company’s stock after selling 13,429 shares during the period. Natural Investments LLC’s holdings in McCormick & Company, Incorporated were worth $516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aristotle Capital Management LLC raised its stake in shares of McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after purchasing an additional 8,848,235 shares during the last quarter. XXEC Inc. purchased a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $154,566,000. Invesco Ltd. boosted its position in shares of McCormick & Company, Incorporated by 66.7% during the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP grew its holdings in McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after buying an additional 1,124,003 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its holdings in McCormick & Company, Incorporated by 4,848.6% during the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after buying an additional 1,025,480 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $54.36 on Wednesday. The firm has a market cap of $14.61 billion, a PE ratio of 9.04, a P/E/G ratio of 2.76 and a beta of 0.64. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $52.69 and a 200-day moving average of $53.46. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.41.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last issued its quarterly 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. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.5%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MKC shares. Deutsche Bank Aktiengesellschaft increased their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reduced their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. UBS Group increased their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.50.

Check Out Our Latest Stock Report on MKC

Insider Activity

In other news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The stock was 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 in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated (NYSE:MKCFree Report).

Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.