McCormick & Company, Incorporated $MKC Holdings Lowered by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in McCormick & Company, Incorporated (NYSE:MKC) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,497 shares of the company’s stock after selling 21,019 shares during the period. Boston Trust Walden Corp’s holdings in McCormick & Company, Incorporated were worth $6,009,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MKC. CFS Investment Advisory Services LLC increased its holdings in McCormick & Company, Incorporated by 2.8% in the third quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company’s stock valued at $369,000 after purchasing an additional 224 shares during the last quarter. Dorato Capital Management boosted its holdings in McCormick & Company, Incorporated by 5.4% during the third quarter. Dorato Capital Management now owns 4,588 shares of the company’s stock worth $208,000 after buying an additional 235 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 16.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,738 shares of the company’s stock worth $81,000 after buying an additional 245 shares during the period. North Dakota State Investment Board grew its position in shares of McCormick & Company, Incorporated by 3.5% during the 3rd quarter. North Dakota State Investment Board now owns 7,796 shares of the company’s stock worth $362,000 after buying an additional 266 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of McCormick & Company, Incorporated by 3.6% during the 2nd quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock worth $419,000 after buying an additional 292 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Down 3.3%

Shares of MKC stock traded down $1.64 on Friday, hitting $48.42. 3,817,143 shares of the stock were exchanged, compared to its average volume of 3,957,856. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.03 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.06 and a beta of 0.66. The business has a 50-day moving average of $48.49 and a 200 day moving average of $53.07. McCormick & Company, Incorporated has a fifty-two week low of $43.25 and a fifty-two week high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results 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. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. McCormick & Company, Incorporated’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MKC shares. UBS Group lowered their price target on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Barclays cut their target price on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, October 2nd. Finally, BNP Paribas Exane reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.30.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on 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 approximately $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.