McCormick & Company, Incorporated (NYSE:MKC) Director Sells $335,450.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jacques Tapiero also recently made the following trade(s):

• On Tuesday, February 3rd, Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock. The stock was sold at an average price of $63.85, for a total value of $319,250.00.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded up $0.46 on Monday, reaching $67.88. The stock had a trading volume of 2,417,798 shares, compared to its average volume of 4,526,592. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The company has a market cap of $18.22 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 4.31 and a beta of 0.61. The firm has a fifty day moving average of $66.04 and a two-hundred day moving average of $67.18. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24.

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

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 65.53%.

Analysts Set New Price Targets

MKC has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. UBS Group dropped their price objective on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, December 15th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.30.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of institutional investors have recently added to or reduced their stakes in MKC. Bank of Jackson Hole Trust purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC purchased a new position in McCormick & Company, Incorporated in the second quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new position in McCormick & Company, Incorporated in the third quarter worth $28,000. GoalVest Advisory LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at $28,000. Finally, Curio Wealth LLC increased its position in shares of McCormick & Company, Incorporated by 39,900.0% during the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock valued at $30,000 after purchasing an additional 399 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Company Profile

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.