McCormick & Company, Incorporated $MKC Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 31.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,314 shares of the company’s stock after selling 8,829 shares during the period. Wealthfront Advisers LLC’s holdings in McCormick & Company, Incorporated were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Jackson Hole Trust acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new position in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter worth approximately $28,000. Curio Wealth LLC increased its position in shares of McCormick & Company, Incorporated by 39,900.0% during the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 399 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $71.57 on Friday. The firm has a 50 day simple moving average of $66.59 and a 200-day simple moving average of $67.15. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61. 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 has a 1-year low of $59.62 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter 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. On average, analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.7%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is 65.53%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MKC shares. JPMorgan Chase & Co. decreased their price objective on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. UBS Group decreased their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Jefferies Financial Group boosted their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. TD Cowen cut their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and a consensus target price of $73.30.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock valued at $7,947,300 over the last 90 days. 23.80% of the stock is owned by company 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.