Yousif Capital Management LLC Acquires 5,642 Shares of McCormick & Company, Incorporated $MKC

Yousif Capital Management LLC lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,433 shares of the company’s stock after buying an additional 5,642 shares during the period. Yousif Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $9,586,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital Analysts LLC bought a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $28,000. Wayfinding Financial LLC bought a new position in McCormick & Company, Incorporated during the 1st quarter valued at about $30,000. Stonebridge Financial Group LLC grew its holdings in McCormick & Company, Incorporated by 101.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 402 shares of the company’s stock valued at $33,000 after purchasing an additional 202 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $43,000. 79.74% of the stock is currently owned by institutional investors.

Insider Transactions at McCormick & Company, Incorporated

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 shares were sold at an average price of $65.86, for a total value of $3,293,000.00. Following the completion of the sale, the insider directly owned 246,762 shares of the company’s stock, valued at $16,251,745.32. The trade was a 16.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of McCormick & Company, Incorporated from $79.00 to $71.00 and set a “hold” rating on the stock in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein cut their price target on shares of McCormick & Company, Incorporated from $102.00 to $93.00 and set an “outperform” rating on the stock in a report on Wednesday, October 8th. Barclays cut their price target on shares of McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of McCormick & Company, Incorporated in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $78.22.

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $65.44 on Tuesday. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 3.86 and a beta of 0.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.29. McCormick & Company, Incorporated has a 1 year low of $63.66 and a 1 year high of $86.24. The firm has a 50-day moving average of $68.44 and a two-hundred day moving average of $72.22.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, October 14th. McCormick & Company, Incorporated’s payout ratio is 62.28%.

McCormick & Company, Incorporated Profile

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.