Deprince Race & Zollo Inc. Acquires 533,437 Shares of McCormick & Company, Incorporated $MKC

Deprince Race & Zollo Inc. lifted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 330.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,914 shares of the company’s stock after purchasing an additional 533,437 shares during the period. Deprince Race & Zollo Inc.’s holdings in McCormick & Company, Incorporated were worth $35,051,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares in the last quarter. State Street Corp raised its holdings in shares of McCormick & Company, Incorporated by 5.1% in the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after purchasing an additional 747,844 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock worth $441,571,000 after purchasing an additional 59,587 shares during the period. Invesco Ltd. lifted its position in shares of McCormick & Company, Incorporated by 3.1% in the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after purchasing an additional 190,607 shares during the period. Finally, Aristotle Capital Management LLC bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $259,918,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Trading Up 4.8%

Shares of MKC stock opened at $52.86 on Thursday. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $77.42. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 2.52 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $48.29 and a 200-day simple moving average of $57.67.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 6th will be given a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Gavin Hattersley bought 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was acquired 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 directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on MKC. Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Barclays lowered their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. BNP Paribas Exane cut their price target on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft boosted their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. decreased their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.50.

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.