Western Wealth Management LLC Takes Position in McCormick & Company, Incorporated $MKC

Western Wealth Management LLC acquired a new position in McCormick & Company, Incorporated (NYSE:MKCFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,426 shares of the company’s stock, valued at approximately $879,000.

Other large investors have also added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its position in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $28,000. Zions Bancorporation National Association UT grew 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 valued at $31,000 after acquiring an additional 357 shares in the last quarter. Union Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $36,000. Finally, Glen Eagle Advisors LLC increased its position in shares of McCormick & Company, Incorporated by 42.5% in the fourth 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. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 0.3%

Shares of NYSE:MKC opened at $51.03 on Monday. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $72.58. The company has a market capitalization of $13.72 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. The company has a 50-day simple moving average of $49.72 and a 200 day simple moving average of $55.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted 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 during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter 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. Sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 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 paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group upped their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Sanford C. Bernstein decreased their price target 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. Weiss Ratings lowered McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft upped their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.50.

View Our Latest Stock Analysis on McCormick & Company, Incorporated

About McCormick & Company, Incorporated

(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.

See Also

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

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