McCormick & Company, Incorporated $MKC Stock Position Lowered by Sumitomo Mitsui DS Asset Management Company Ltd

Posted by Brenda Bartman on Oct 24th, 2026

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 43.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,470 shares of the company’s stock after selling 29,728 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in McCormick & Company, Incorporated were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aristotle Capital Management LLC increased its stake in McCormick & Company, Incorporated by 231.9% in the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after buying an additional 8,848,235 shares during the period. XXEC Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth $154,566,000. Amundi boosted its holdings in shares of McCormick & Company, Incorporated by 72.5% in the first quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after acquiring an additional 850,343 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after acquiring an additional 1,025,480 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 29.1% in the first quarter. Epoch Investment Partners Inc. now owns 939,542 shares of the company’s stock valued at $47,390,000 after acquiring an additional 211,763 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were 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 owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is owned by company insiders.

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock traded down $0.61 during midday trading on Friday, reaching $48.10. The company’s stock had a trading volume of 3,044,909 shares, compared to its average volume of 4,515,923. McCormick & Company, Incorporated has a fifty-two week low of $43.25 and a fifty-two week high of $72.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The stock’s 50 day simple moving average is $49.83 and its 200 day simple moving average is $50.05. The firm has a market capitalization of $12.94 billion, a PE ratio of 8.70, a P/E/G ratio of 2.06 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Barclays dropped their target price on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, October 2nd. Finally, BNP Paribas Exane cut their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.30.

View Our Latest Research Report on McCormick & Company, Incorporated

McCormick & Company, Incorporated Company Profile

(Free Report)

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.