Magnolia Capital Advisors LLC Invests $4.46 Million in McCormick & Company, Incorporated $MKC

Magnolia Capital Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, Holdings Channel reports. The fund bought 34,718 shares of the company’s stock, valued at approximately $4,461,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators raised its position in McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares during the period. Glen Eagle Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after purchasing an additional 170 shares in the last quarter. Van ECK Associates Corp raised its position in shares of McCormick & Company, Incorporated by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after purchasing an additional 171 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in McCormick & Company, Incorporated by 10.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock valued at $131,000 after buying an additional 176 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in McCormick & Company, Incorporated by 5.9% in the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $54.93 on Thursday. The company has a fifty day moving average of $52.04 and a two-hundred day moving average of $53.86. The company has a market capitalization of $14.77 billion, a PE ratio of 9.14, a P/E/G ratio of 2.77 and a beta of 0.64. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $72.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 21.91% and a return on equity of 12.78%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, analysts expect that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Barclays dropped their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Jefferies Financial Group decreased their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, TD Cowen reduced their price objective 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. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.50.

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.