Louisiana State Employees Retirement System Acquires Shares of 12,900 McCormick & Company, Incorporated $MKC

Louisiana State Employees Retirement System purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 12,900 shares of the company’s stock, valued at approximately $651,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKC. Aristotle Capital Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $259,918,000. Invesco Ltd. boosted its holdings in McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after purchasing an additional 2,494,544 shares during the period. Wellington Management Group LLP grew its holdings in shares of McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after purchasing an additional 1,124,003 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth approximately $64,522,000. Finally, Norges Bank purchased a new stake in McCormick & Company, Incorporated in the fourth quarter valued at approximately $62,711,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Trading Up 3.1%

NYSE:MKC traded up $1.61 during mid-day trading on Tuesday, reaching $53.39. 256,272 shares of the company’s stock traded hands, compared to its average volume of 4,343,710. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $73.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The company has a 50 day moving average price of $48.36 and a 200-day moving average price of $57.47. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 2.68 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MKC. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Sanford C. Bernstein cut their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group dropped their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, BNP Paribas Exane lowered their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated 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.