McCormick & Company, Incorporated (NYSE:MKC) Major Shareholder Lawrence Erik Kurzius Sells 205,538 Shares of Stock

McCormick & Company, Incorporated (NYSE:MKC) major shareholder Lawrence Erik Kurzius sold 205,538 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

McCormick & Company, Incorporated Trading Up 0.1%

NYSE MKC opened at $52.92 on Thursday. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.64. The stock’s 50 day moving average price is $50.61 and its two-hundred day moving average price is $54.40. 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 has a 52 week low of $44.82 and a 52 week high of $72.58.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share 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 company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $0.69 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors and hedge funds have recently modified their holdings of the company. Deseret Mutual Benefit Administrators grew its holdings in McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in McCormick & Company, Incorporated in the fourth quarter valued at approximately $28,000. Byrne Asset Management LLC bought a new stake in McCormick & Company, Incorporated in the second quarter valued at approximately $30,000. Zions Bancorporation National Association UT lifted its position in shares of McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after buying an additional 357 shares during the last quarter. Finally, Union Savings Bank acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $36,000. 79.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MKC has been the topic of a number of recent research reports. Barclays lowered their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. 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. Jefferies Financial Group lowered their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Finally, TD Cowen dropped their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.50.

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.