Savant Capital LLC Has $298,000 Stock Holdings in McCormick & Company, Incorporated $MKC

Savant Capital LLC reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 81.9% in the 3rd quarter, Holdings Channel reports. The firm owned 4,456 shares of the company’s stock after selling 20,204 shares during the period. Savant Capital LLC’s holdings in McCormick & Company, Incorporated were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth $27,000. Anfield Capital Management LLC boosted its stake in McCormick & Company, Incorporated by 161.3% in the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 242 shares in the last quarter. Curio Wealth LLC boosted its stake in McCormick & Company, Incorporated by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock valued at $30,000 after buying an additional 399 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in McCormick & Company, Incorporated in the second quarter valued at about $30,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. The trade was a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,000 shares of company stock worth $7,947,300 over the last ninety days. 23.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MKC. Jefferies Financial Group increased their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. UBS Group cut their target price on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, TD Cowen dropped their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Trading Down 0.1%

Shares of NYSE MKC opened at $71.57 on Friday. The firm has a 50 day moving average price of $66.59 and a two-hundred day moving average price of $67.15. The stock has a market cap of $19.21 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

About McCormick & Company, Incorporated

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.