McCormick & Company, Incorporated $MKC Stock Holdings Increased by Midwest Trust Co

Midwest Trust Co boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,944 shares of the company’s stock after purchasing an additional 8,965 shares during the quarter. Midwest Trust Co’s holdings in McCormick & Company, Incorporated were worth $8,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after buying an additional 925 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares during the period. Woodline Partners LP lifted its position in McCormick & Company, Incorporated by 40.9% in the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after purchasing an additional 6,189 shares during the last quarter. Callan Family Office LLC boosted its stake in McCormick & Company, Incorporated by 80.0% during the 2nd quarter. Callan Family Office LLC now owns 5,058 shares of the company’s stock valued at $383,000 after purchasing an additional 2,248 shares during the period. Finally, Blue Trust Inc. grew its position in McCormick & Company, Incorporated by 32.0% in the 2nd quarter. Blue Trust Inc. now owns 2,048 shares of the company’s stock worth $155,000 after purchasing an additional 497 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MKC has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Jefferies Financial Group raised their price target on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Up 1.7%

Shares of NYSE:MKC opened at $68.96 on Wednesday. The firm has a 50 day simple moving average of $66.13 and a 200 day simple moving average of $67.13. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The company has a market cap of $18.51 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 4.34 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data 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). The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio is presently 65.53%.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the sale, the insider directly owned 246,762 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 65,000 shares of company stock valued at $4,365,800. 23.80% of the stock is owned by insiders.

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.