7,414,640 Shares in McCormick & Company, Incorporated $MKC Purchased by XXEC Inc.

XXEC Inc. bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,414,640 shares of the company’s stock, valued at approximately $154,566,000. McCormick & Company, Incorporated accounts for approximately 0.1% of XXEC Inc.’s investment portfolio, making the stock its 20th biggest position. XXEC Inc. owned about 2.76% of McCormick & Company, Incorporated at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MKC. Deseret Mutual Benefit Administrators raised its position in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Glen Eagle Advisors LLC boosted its position in shares of McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after acquiring an additional 170 shares during the last quarter. Van ECK Associates Corp grew its stake in McCormick & Company, Incorporated by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock valued at $122,000 after acquiring an additional 171 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in McCormick & Company, Incorporated by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock valued at $131,000 after acquiring an additional 176 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after acquiring an additional 181 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group boosted their price target on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Sanford C. Bernstein lowered their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Finally, Barclays cut their target price 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, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.50.

McCormick & Company, Incorporated Trading Up 0.4%

MKC opened at $55.42 on Friday. The firm has a market cap of $14.90 billion, a P/E ratio of 9.22, a P/E/G ratio of 2.82 and a beta of 0.64. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $72.58. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $51.56 and a 200 day moving average of $54.13.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data 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 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 analysts’ expectations of $1.91 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter 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, research analysts forecast that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

About McCormick & Company, Incorporated

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.