Savoir Faire Capital Management L.P. Grows Stock Holdings in McCormick & Company, Incorporated $MKC

Savoir Faire Capital Management L.P. increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 90.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,313 shares of the company’s stock after acquiring an additional 56,049 shares during the period. McCormick & Company, Incorporated comprises 2.8% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 15th biggest position. Savoir Faire Capital Management L.P.’s holdings in McCormick & Company, Incorporated were worth $7,916,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MKC. Bank of Jackson Hole Trust purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter worth $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $28,000. Curio Wealth LLC raised its stake in shares of McCormick & Company, Incorporated by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock valued at $30,000 after acquiring an additional 399 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new position in McCormick & Company, Incorporated in the second quarter valued at $30,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total value of $3,746,360.64. Following the sale, the chief executive officer owned 108,652 shares of the company’s stock, valued at $7,123,225.12. This trade represents a 34.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 146,158 shares of company stock worth $9,635,824 in the last 90 days. 23.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, December 15th. UBS Group decreased their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Stifel Nicolaus cut their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.80.

McCormick & Company, Incorporated Stock Down 0.7%

Shares of NYSE MKC opened at $60.76 on Monday. The business has a 50-day moving average price of $66.73 and a 200 day moving average price of $67.76. The stock has a market cap of $16.31 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 3.78 and a beta of 0.62. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. McCormick & Company, Incorporated’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a dividend of $0.48 per share. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio is 65.53%.

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.