Woodley Farra Manion Portfolio Management Inc. Buys 46,283 Shares of McCormick & Company, Incorporated $MKC

Woodley Farra Manion Portfolio Management Inc. purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,283 shares of the company’s stock, valued at approximately $2,148,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 worth $638,795,000 after purchasing an additional 8,848,235 shares in the last quarter. XXEC Inc. bought a new position in McCormick & Company, Incorporated during the second quarter worth about $154,566,000. ProShare Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 2.6% during the third quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company’s stock valued at $149,514,000 after purchasing an additional 82,353 shares in the last quarter. Amundi boosted its holdings in McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company’s stock valued at $102,068,000 after purchasing an additional 850,343 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in McCormick & Company, Incorporated by 0.8% during the third quarter. Vest Financial LLC now owns 941,999 shares of the company’s stock valued at $43,709,000 after purchasing an additional 7,823 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $46.76 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The firm has a market cap of $12.58 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. McCormick & Company, Incorporated has a 12 month low of $43.25 and a 12 month high of $72.41. The company’s 50-day moving average price is $48.19 and its two-hundred day moving average price is $52.91.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 34.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BNP Paribas Exane lowered their price objective on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. JPMorgan Chase & Co. cut their target price on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. TD Cowen reaffirmed a “hold” rating and issued a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Barclays lowered their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, October 2nd. Finally, Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.30.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated manufactures, markets and distributes spices, herbs, seasonings, condiments and other flavor products. Its offerings include individual spices and herbs, seasoning blends, extracts, sauces and hot sauces sold under brands such as McCormick, French’s, Frank’s RedHot, OLD BAY and Cholula. The company serves consumers through retail stores and e-commerce, and supplies flavor products and solutions to food service businesses and food and beverage manufacturers. Its products are sold in markets around the world.