Berman McAleer LLC Invests $610,000 in McCormick & Company, Incorporated $MKC

Berman McAleer LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,110 shares of the company’s stock, valued at approximately $610,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Pension Service grew its stake in shares of McCormick & Company, Incorporated by 0.5% in the 3rd quarter. National Pension Service now owns 427,422 shares of the company’s stock valued at $28,599,000 after purchasing an additional 2,171 shares during the period. Arizona State Retirement System boosted its stake in McCormick & Company, Incorporated by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 75,082 shares of the company’s stock valued at $5,024,000 after buying an additional 1,228 shares in the last quarter. AustralianSuper Pty Ltd grew its position in McCormick & Company, Incorporated by 83.4% in the third quarter. AustralianSuper Pty Ltd now owns 13,072 shares of the company’s stock valued at $875,000 after acquiring an additional 5,945 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in McCormick & Company, Incorporated by 15.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,121 shares of the company’s stock valued at $3,487,000 after acquiring an additional 7,051 shares during the period. Finally, Bank of Jackson Hole Trust raised its stake in McCormick & Company, Incorporated by 137.0% during the third quarter. Bank of Jackson Hole Trust now owns 782 shares of the company’s stock worth $52,000 after acquiring an additional 452 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MKC. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. Barclays cut 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 note on Monday, January 26th. Finally, Hsbc Global Res raised McCormick & Company, Incorporated to a “hold” rating in a report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Trading Up 0.8%

Shares of NYSE MKC opened at $61.80 on Friday. The company’s 50 day simple moving average is $66.27 and its 200 day simple moving average is $67.47. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The firm has a market capitalization of $16.59 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. McCormick & Company, Incorporated’s quarterly 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, analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is currently 65.53%.

Insiders Place Their Bets

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the completion of the transaction, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. The trade was a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 146,158 shares of company stock worth $9,635,824. 23.80% 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.