The Manufacturers Life Insurance Company Sells 15,403 Shares of McCormick & Company, Incorporated $MKC

The Manufacturers Life Insurance Company lowered its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,599 shares of the company’s stock after selling 15,403 shares during the period. The Manufacturers Life Insurance Company’s holdings in McCormick & Company, Incorporated were worth $6,688,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MKC. Deseret Mutual Benefit Administrators grew its holdings in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after purchasing an additional 164 shares in the last quarter. Glen Eagle Advisors LLC lifted its position in McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 170 shares during the last quarter. Van ECK Associates Corp lifted its position in McCormick & Company, Incorporated by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock valued at $122,000 after purchasing an additional 171 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in McCormick & Company, Incorporated by 10.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Finally, Modern Wealth Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 5.9% in the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after buying an additional 181 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MKC shares. Jefferies Financial Group dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. BTIG Research began coverage on McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They issued a “neutral” rating on the stock. Weiss Ratings cut McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. UBS Group increased their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein decreased their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $52.66 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $72.58. The company has a fifty day moving average of $50.00 and a 200-day moving average of $54.86. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64.

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

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is 31.95%.

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.