Rhumbline Advisers Increases Holdings in McCormick & Company, Incorporated $MKC

Rhumbline Advisers raised its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 546,636 shares of the company’s stock after acquiring an additional 13,006 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of McCormick & Company, Incorporated worth $36,575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MKC. Vanguard Group Inc. boosted its holdings in McCormick & Company, Incorporated by 1.7% in the second quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after purchasing an additional 553,862 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock worth $481,354,000 after buying an additional 133,800 shares during the last quarter. Invesco Ltd. lifted its position in shares of McCormick & Company, Incorporated by 44.9% during the 2nd quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after buying an additional 1,158,423 shares during the last quarter. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $249,087,000. Finally, ProShare Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 13.1% in the 3rd quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company’s stock valued at $159,886,000 after buying an additional 277,257 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Activity

In other news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the sale, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MKC has been the subject of a number of research reports. HSBC reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Barclays cut their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, UBS Group cut their price target 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. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $71.57 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The business has a 50 day simple moving average of $66.59 and a 200-day simple moving average of $67.15. McCormick & Company, Incorporated has a 12 month low of $59.62 and a 12 month high of $86.24. The stock has a market capitalization of $19.21 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last issued its 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 return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

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

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.