Strive Financial Group LLC reduced its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 87.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,106 shares of the company’s stock after selling 21,194 shares during the period. Strive Financial Group LLC’s holdings in McCormick & Company, Incorporated were worth $157,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MKC. Parvin Asset Management LLC bought a new position in McCormick & Company, Incorporated during the second quarter worth about $25,000. Deseret Mutual Benefit Administrators grew 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 in the 4th quarter valued at approximately $28,000. Byrne Asset Management LLC acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.
Insider Activity at McCormick & Company, Incorporated
In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.60% of the company’s stock.
McCormick & Company, Incorporated Stock Performance
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $0.69 EPS. McCormick & Company, Incorporated’s 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. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on MKC shares. Jefferies Financial Group decreased their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Sanford C. Bernstein dropped their price objective on 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 lifted 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. Barclays cut their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Finally, TD Cowen lowered their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Six investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $60.50.
Read Our Latest Stock Analysis on MKC
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.
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