OP Asset Management Ltd Takes Position in McCormick & Company, Incorporated $MKC

OP Asset Management Ltd bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 25,235 shares of the company’s stock, valued at approximately $1,273,000.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in McCormick & Company, Incorporated by 381.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 52,059 shares of the company’s stock valued at $2,626,000 after purchasing an additional 41,257 shares during the period. Cidel Asset Management Inc. increased its position in McCormick & Company, Incorporated by 41.6% during the 1st quarter. Cidel Asset Management Inc. now owns 41,138 shares of the company’s stock worth $2,075,000 after buying an additional 12,085 shares during the period. Krilogy Financial LLC bought a new position in McCormick & Company, Incorporated during the 1st quarter worth $204,000. Sovereign Financial Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 12.1% during the first quarter. Sovereign Financial Group Inc. now owns 5,189 shares of the company’s stock worth $262,000 after buying an additional 562 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 15.4% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 5,011 shares of the company’s stock worth $253,000 after buying an additional 668 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MKC has been the topic of several research reports. BNP Paribas Exane decreased their price target on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Cowen lowered their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Stock Up 2.3%

NYSE MKC opened at $52.22 on Tuesday. The business has a fifty day moving average price of $48.37 and a two-hundred day moving average price of $57.86. The stock has a market capitalization of $14.03 billion, a PE ratio of 8.69, a PEG ratio of 2.52 and a beta of 0.65. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $78.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company posted $0.69 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares in the company, valued at $153,959.88. The trade was a 220.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated 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.