Teachers Retirement System of The State of Kentucky Lowers Position in McCormick & Company, Incorporated $MKC

Teachers Retirement System of The State of Kentucky cut its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 81.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,810 shares of the company’s stock after selling 89,606 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in McCormick & Company, Incorporated were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKC. Vanguard Group Inc. raised its holdings in McCormick & Company, Incorporated by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after purchasing an additional 314,252 shares in the last quarter. State Street Corp boosted its holdings in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after buying an additional 59,587 shares in the last quarter. Invesco Ltd. grew its position in shares of McCormick & Company, Incorporated by 3.1% in the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after buying an additional 190,607 shares during the period. Finally, Aristotle Capital Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $259,918,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MKC. 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. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. UBS Group raised their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Finally, HSBC dropped their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $52.89 on Friday. The firm’s 50-day moving average price is $48.74 and its 200-day moving average price is $56.43. 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 company has a market cap of $14.22 billion, a PE ratio of 8.80, a PEG ratio of 2.55 and a beta of 0.63. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly 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 net margin of 21.91% and a return on equity of 12.78%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 3.6%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is 31.95%.

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.