McCormick & Company, Incorporated $MKC Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in McCormick & Company, Incorporated (NYSE:MKC) by 61.6% during the 1st quarter, HoldingsChannel reports. The firm owned 188,597 shares of the company’s stock after acquiring an additional 71,903 shares during the quarter. Fifth Third Bancorp’s holdings in McCormick & Company, Incorporated were worth $9,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Van Cleef Asset Management Inc boosted its holdings in McCormick & Company, Incorporated by 5.6% in the 1st quarter. Van Cleef Asset Management Inc now owns 300,840 shares of the company’s stock worth $15,174,000 after acquiring an additional 16,084 shares during the period. Candriam S.C.A. grew its holdings in McCormick & Company, Incorporated by 6.2% during the 1st quarter. Candriam S.C.A. now owns 49,637 shares of the company’s stock valued at $2,504,000 after purchasing an additional 2,883 shares in the last quarter. Independence Bank of Kentucky purchased a new stake in McCormick & Company, Incorporated during the 1st quarter worth $352,000. Costello Asset Management INC increased its stake in McCormick & Company, Incorporated by 357.1% during the 1st quarter. Costello Asset Management INC now owns 1,280 shares of the company’s stock worth $65,000 after buying an additional 1,000 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in McCormick & Company, Incorporated by 13.6% in the 1st quarter. Hsbc Holdings PLC now owns 512,501 shares of the company’s stock worth $25,915,000 after buying an additional 61,309 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $50.90 on Thursday. 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 12 month low of $44.82 and a 12 month high of $73.84. The company has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $56.55. The company has a market cap of $13.69 billion, a PE ratio of 8.47, a P/E/G ratio of 2.65 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Analyst Upgrades and Downgrades

MKC has been the subject of a number of analyst reports. TD Cowen decreased their price objective 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. Barclays dropped their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Stifel Nicolaus reduced their price target on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Sanford C. Bernstein lowered their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.50.

McCormick & Company, Incorporated 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.