Trust Co. of Vermont Makes New Investment in McCormick & Company, Incorporated $MKC

Trust Co. of Vermont acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,403 shares of the company’s stock, valued at approximately $1,331,000.

Other large investors have also recently modified their holdings of the company. 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 acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. Byrne Asset Management LLC bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth approximately $30,000. Zions Bancorporation National Association UT increased its stake in McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares during the period. Finally, Union Savings Bank purchased a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft lifted 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 note on Friday, June 26th. Barclays lowered their price target 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. TD Cowen dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Trading Up 2.7%

MKC opened at $55.40 on Wednesday. The business has a 50 day simple moving average of $51.18 and a two-hundred day simple moving average of $54.20. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.74 and a beta of 0.63. 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 has a one year low of $44.82 and a one year high of $72.58.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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 revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were paid a $0.48 dividend. 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 (DPR) is presently 31.95%.

Insiders Place Their Bets

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.60% of the stock is currently owned by company insiders.

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.