McCormick & Company, Incorporated $MKC Stock: ProShare Advisors LLC Boosts Holdings

ProShare Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,222,289 shares of the company’s stock after purchasing an additional 82,353 shares during the period. ProShare Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $149,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Investors Research Corp acquired a new position in shares of McCormick & Company, Incorporated in the second quarter worth $1,152,000. Trust Co. of Vermont acquired a new position in McCormick & Company, Incorporated in the second quarter valued at $1,331,000. XXEC Inc. purchased a new position in McCormick & Company, Incorporated in the second quarter valued at about $154,566,000. Rockland Trust Co. increased its holdings in McCormick & Company, Incorporated by 6.2% during the 3rd quarter. Rockland Trust Co. now owns 393,414 shares of the company’s stock worth $18,254,000 after purchasing an additional 22,991 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in McCormick & Company, Incorporated during the first quarter worth about $2,955,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction 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 completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MKC. BNP Paribas Exane reduced their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. TD Cowen reaffirmed a “hold” rating and issued a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Stifel Nicolaus decreased their target price on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, October 2nd. Finally, Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Trading Up 1.2%

Shares of MKC stock opened at $47.34 on Friday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 2.00 and a beta of 0.65. The stock’s 50-day moving average price is $49.08 and its 200-day moving average price is $53.54. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 34.72%.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.