Sumitomo Mitsui Trust Group Inc. Sells 52,243 Shares of McCormick & Company, Incorporated $MKC

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 618,915 shares of the company’s stock after selling 52,243 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of McCormick & Company, Incorporated worth $28,718,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aristotle Capital Management LLC increased its position in McCormick & Company, Incorporated by 231.9% in the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after acquiring an additional 8,848,235 shares during the period. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the 2nd quarter worth $154,566,000. Amundi boosted its position in McCormick & Company, Incorporated by 72.5% during the 1st quarter. Amundi now owns 2,023,544 shares of the company’s stock worth $102,068,000 after acquiring an additional 850,343 shares during the period. Sei Investments Co. boosted its position in McCormick & Company, Incorporated by 86.5% during the 1st quarter. Sei Investments Co. now owns 809,720 shares of the company’s stock worth $40,842,000 after acquiring an additional 375,471 shares during the period. Finally, OLD Republic International Corp grew its stake in shares of McCormick & Company, Incorporated by 116.2% in the second quarter. OLD Republic International Corp now owns 632,400 shares of the company’s stock worth $31,924,000 after purchasing an additional 339,900 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of research analyst reports. BNP Paribas Exane lowered their price target on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. TD Cowen reiterated a “hold” rating and issued a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.30.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $50.11 on Friday. The stock has a fifty day moving average price of $48.61 and a two-hundred day moving average price of $53.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The firm has a market cap of $13.48 billion, a P/E ratio of 15.87, a PEG ratio of 2.13 and a beta of 0.66. McCormick & Company, Incorporated has a 1 year low of $43.25 and a 1 year high of $72.41.

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

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, October 13th. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.