Capital Square LLC Buys New Position in McCormick & Company, Incorporated $MKC

Capital Square LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 13,720 shares of the company’s stock, valued at approximately $1,695,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. XXEC Inc. acquired a new position in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $154,566,000. Trust Co. of Vermont acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $1,331,000. Plato Investment Management Ltd purchased a new position in McCormick & Company, Incorporated in the 2nd quarter valued at approximately $659,000. Investors Research Corp purchased a new position in McCormick & Company, Incorporated in the 2nd quarter valued at approximately $1,152,000. Finally, Tema ETFs LLC grew its stake in shares of McCormick & Company, Incorporated by 11.7% in the second quarter. Tema ETFs LLC now owns 5,173 shares of the company’s stock worth $261,000 after acquiring an additional 541 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $55.42 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The firm has a market cap of $14.90 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.82 and a beta of 0.63. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.58. The company’s 50 day simple moving average is $51.56 and its 200-day simple moving average is $54.08.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.95%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. TD Cowen reduced their price target on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Sanford C. Bernstein decreased 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. Finally, JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $60.50.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the company’s 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 transaction, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.60% of the stock is currently owned by company insiders.

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.