Pictet Asset Management Holding SA Reduces Holdings in McCormick & Company, Incorporated $MKC

Pictet Asset Management Holding SA decreased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990,202 shares of the company’s stock after selling 62,039 shares during the period. Pictet Asset Management Holding SA’s holdings in McCormick & Company, Incorporated were worth $49,946,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MKC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after purchasing an additional 925 shares during the last quarter. Empowered Funds LLC raised its holdings in McCormick & Company, Incorporated by 19.0% in the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after acquiring an additional 941 shares in the last quarter. Woodline Partners LP boosted its stake in McCormick & Company, Incorporated by 40.9% during the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in McCormick & Company, Incorporated during the 2nd quarter valued at $6,520,000. Finally, Daiwa Securities Group Inc. grew its holdings in McCormick & Company, Incorporated by 6.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 37,888 shares of the company’s stock worth $2,873,000 after acquiring an additional 2,176 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Gavin Hattersley purchased 2,000 shares of McCormick & Company, Incorporated stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $52.98 per share, with a total value of $105,960.00. Following the purchase, the director owned 2,906 shares in the company, valued at approximately $153,959.88. The trade was a 220.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Trading Up 2.3%

McCormick & Company, Incorporated stock opened at $52.22 on Tuesday. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $78.03. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 2.52 and a beta of 0.65. The firm has a 50-day moving average price of $48.37 and a two-hundred day moving average price of $57.86.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue 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. Sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group increased 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 report on Friday. TD Cowen reduced their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings downgraded shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Sanford C. Bernstein lowered their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday. Finally, BNP Paribas Exane decreased their target price on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average price target of $60.50.

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.