Entropy Technologies LP Takes $4.36 Million Position in McCormick & Company, Incorporated $MKC

Entropy Technologies LP purchased a new position in McCormick & Company, Incorporated (NYSE:MKC) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 86,421 shares of the company’s stock, valued at approximately $4,359,000.

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

McCormick & Company, Incorporated Stock Down 0.4%

NYSE:MKC opened at $49.99 on Friday. The company has a market cap of $13.44 billion, a PE ratio of 8.32, a P/E/G ratio of 2.50 and a beta of 0.63. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $73.84. 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 company’s 50 day moving average is $49.31 and its two-hundred day moving average is $55.81.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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%. McCormick & Company, Incorporated’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group raised their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Jefferies Financial Group reduced their target price on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a 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 company a “buy” rating in a research report on Friday, June 26th. BNP Paribas Exane cut their price objective on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Barclays reduced 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 research note on Friday, June 26th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and an average target price 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.