McCormick & Company, Incorporated (NYSE:MKC) Director Sells $339,600.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Michael Mangan sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

McCormick & Company, Incorporated Trading Up 1.6%

McCormick & Company, Incorporated stock opened at $71.63 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 4.51 and a beta of 0.61. The stock has a 50-day moving average price of $66.43 and a 200 day moving average price of $67.19.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $0.80 EPS. McCormick & Company, Incorporated’s quarterly 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. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Nuance Investments LLC acquired a new stake in McCormick & Company, Incorporated during the 3rd quarter worth approximately $15,388,000. Envestnet Asset Management Inc. increased its position in shares of McCormick & Company, Incorporated by 3.5% during the third quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock worth $58,806,000 after acquiring an additional 29,418 shares during the period. Strengthening Families & Communities LLC raised its stake in shares of 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 valued at $2,211,000 after acquiring an additional 32,040 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in shares of McCormick & Company, Incorporated by 90.0% in 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 acquiring an additional 56,049 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in McCormick & Company, Incorporated in the second quarter valued at $4,321,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MKC shares. Jefferies Financial Group boosted their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Barclays reduced their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. UBS Group lowered their price objective on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. TD Cowen dropped their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, December 15th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

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.