Mutual Advisors LLC Purchases 287 Shares of McCormick & Company, Incorporated $MKC

Mutual Advisors LLC lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 9.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,446 shares of the company’s stock after acquiring an additional 287 shares during the period. Mutual Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $247,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MKC. Capital Analysts LLC bought a new position in shares of McCormick & Company, Incorporated during the first quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in shares of McCormick & Company, Incorporated during the first quarter valued at $28,000. Wayfinding Financial LLC bought a new position in shares of McCormick & Company, Incorporated during the first quarter valued at $30,000. Stonebridge Financial Group LLC increased its holdings in shares of McCormick & Company, Incorporated by 101.0% during the first quarter. Stonebridge Financial Group LLC now owns 402 shares of the company’s stock valued at $33,000 after acquiring an additional 202 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of McCormick & Company, Incorporated during the second quarter valued at $43,000. 79.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. UBS Group reduced their price target on McCormick & Company, Incorporated from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Stifel Nicolaus reduced their price target on McCormick & Company, Incorporated from $76.00 to $71.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price target on McCormick & Company, Incorporated from $79.00 to $71.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein reduced their price objective on McCormick & Company, Incorporated from $102.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $78.22.

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $65.86, for a total transaction of $3,293,000.00. Following the completion of the sale, the insider directly owned 246,762 shares in the company, valued at $16,251,745.32. The trade was a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $66.93 on Wednesday. McCormick & Company, Incorporated has a one year low of $63.66 and a one year high of $86.24. The stock has a 50-day moving average of $68.07 and a 200 day moving average of $71.69. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 3.93 and a beta of 0.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.29 and a current ratio of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Tuesday, October 7th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.30% and a net margin of 11.46%.The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.83 EPS. McCormick & Company, Incorporated’s revenue for the quarter was up 2.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, October 14th. McCormick & Company, Incorporated’s payout ratio is currently 62.28%.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.