Calamos Advisors LLC purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 13,607 shares of the company’s stock, valued at approximately $686,000.
Other hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC bought a new stake in McCormick & Company, Incorporated in the fourth quarter valued at $28,000. Deseret Mutual Benefit Administrators lifted its position in 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 last quarter. Motiv8 Investments LLC acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. Zions Bancorporation National Association UT boosted its stake 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 purchasing an additional 357 shares during the period. Finally, Union Savings Bank bought a new position in McCormick & Company, Incorporated in the 4th quarter worth about $36,000. Institutional investors own 79.74% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Sanford C. Bernstein reduced 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. JPMorgan Chase & Co. lowered their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, HSBC decreased their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.50.
McCormick & Company, Incorporated Stock Performance
Shares of NYSE MKC opened at $52.89 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 2.55 and a beta of 0.63. The business’s 50-day simple moving average is $48.74 and its 200-day simple moving average is $56.43. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $73.84.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.69 EPS. McCormick & Company, Incorporated’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, equities research analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.
McCormick & Company, Incorporated Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.
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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