Western Wealth Management LLC Makes New Investment in McCormick & Company, Incorporated $MKC

Western Wealth Management LLC acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,426 shares of the company’s stock, valued at approximately $879,000.

A number of other large investors have also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators increased its position 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 acquiring an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $28,000. Zions Bancorporation National Association UT lifted its position in McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the period. Union Savings Bank purchased a new stake in McCormick & Company, Incorporated during the 4th quarter valued at about $36,000. Finally, Essential Partners LLC grew its stake in McCormick & Company, Incorporated by 146.5% during the 1st quarter. Essential Partners LLC now owns 742 shares of the company’s stock valued at $37,000 after purchasing an additional 441 shares during the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Up 2.9%

Shares of MKC stock opened at $54.48 on Friday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.58. The stock has a market cap of $14.65 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.65 and a beta of 0.64. The stock has a 50 day moving average of $50.77 and a 200 day moving average of $54.35. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.5%. McCormick & Company, Incorporated’s dividend payout ratio is 31.95%.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MKC shares. Barclays reduced their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Jefferies Financial Group dropped their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, June 26th. UBS Group raised 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, June 26th. Finally, Sanford C. Bernstein decreased 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 note on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently 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.