Swedbank AB Reduces Holdings in McCormick & Company, Incorporated $MKC

Swedbank AB decreased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,328 shares of the company’s stock after selling 244,570 shares during the period. Swedbank AB’s holdings in McCormick & Company, Incorporated were worth $18,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. Deseret Mutual Benefit Administrators lifted its stake in shares of McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $28,000. Zions Bancorporation National Association UT boosted its position in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after purchasing an additional 357 shares in the last quarter. Finally, Union Savings Bank purchased a new stake in McCormick & Company, Incorporated in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MKC. Sanford C. Bernstein decreased their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, June 26th. TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings lowered shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Finally, Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research report 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. According to MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated Trading Down 0.2%

McCormick & Company, Incorporated stock opened at $51.48 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $57.00. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $73.84. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly 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. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

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.