13,893 Shares of McCormick & Company, Incorporated $MKC Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, HoldingsChannel.com reports. The firm acquired 13,893 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aristotle Capital Management LLC lifted its stake in shares of McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after buying an additional 8,848,235 shares in the last quarter. XXEC Inc. purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $154,566,000. Diamant Asset Management Inc. increased its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock worth $52,792,000 after purchasing an additional 1,025,480 shares in the last quarter. Amundi increased its holdings in shares of McCormick & Company, Incorporated by 72.5% in the 1st quarter. Amundi now owns 2,023,544 shares of the company’s stock worth $102,068,000 after purchasing an additional 850,343 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of McCormick & Company, Incorporated by 330.3% in the 1st quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company’s stock worth $35,051,000 after purchasing an additional 533,437 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MKC shares. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, October 2nd. TD Cowen reaffirmed a “hold” rating and set a $48.00 price objective (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, September 21st. Weiss Ratings lowered McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. Finally, BNP Paribas Exane decreased their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $46.44 on Friday. The firm’s 50 day moving average price is $50.46 and its 200-day moving average price is $50.14. McCormick & Company, Incorporated has a twelve month low of $43.25 and a twelve month high of $72.41. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $12.50 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 34.72%.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.