Investors Research Corp Takes $1.15 Million Position in McCormick & Company, Incorporated $MKC

Investors Research Corp acquired a new position in McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,850 shares of the company’s stock, valued at approximately $1,152,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Aristotle Capital Management LLC raised its position in McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after purchasing an additional 8,848,235 shares during the period. Invesco Ltd. boosted its position in shares of McCormick & Company, Incorporated by 66.7% during the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock worth $417,006,000 after buying an additional 2,494,544 shares during the period. Wellington Management Group LLP grew its stake in shares of McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares in the last quarter. Diamant Asset Management Inc. grew its stake 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 buying an additional 1,025,480 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at $64,522,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group increased their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Sanford C. Bernstein dropped their target price 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. Jefferies Financial Group cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Stock Down 0.4%

McCormick & Company, Incorporated stock opened at $52.94 on Wednesday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.58. The stock’s fifty day simple moving average is $50.48 and its 200-day simple moving average is $54.46. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.23 billion, a P/E ratio of 8.81, a P/E/G ratio of 2.66 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates 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 revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 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.