Impax Asset Management Group plc Sells 18,379 Shares of McCormick & Company, Incorporated $MKC

Impax Asset Management Group plc trimmed its position in McCormick & Company, Incorporated (NYSE:MKC) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491,130 shares of the company’s stock after selling 18,379 shares during the period. Impax Asset Management Group plc owned 0.18% of McCormick & Company, Incorporated worth $32,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MKC. Nuance Investments LLC bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth about $15,388,000. Strengthening Families & Communities LLC grew its holdings in McCormick & Company, Incorporated by 3,178.6% in the third quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock worth $2,211,000 after purchasing an additional 32,040 shares during the period. Savoir Faire Capital Management L.P. increased its stake in shares of McCormick & Company, Incorporated by 90.0% during the third quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock valued at $7,916,000 after purchasing an additional 56,049 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $4,321,000. Finally, Generali Asset Management SPA SGR grew its stake in shares of McCormick & Company, Incorporated by 7,290.3% in the 3rd quarter. Generali Asset Management SPA SGR now owns 19,067 shares of the company’s stock worth $1,276,000 after buying an additional 18,809 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MKC. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Tuesday, October 14th. Stifel Nicolaus reduced their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $68.96 on Wednesday. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The business has a 50-day simple moving average of $66.13 and a two-hundred day simple moving average of $67.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 4.34 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the business earned $0.80 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were given a $0.48 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the sale, the director directly owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 65,000 shares of company stock valued at $4,365,800. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Company 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.