73,687 Shares in McCormick & Company, Incorporated $MKC Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, HoldingsChannel reports. The fund bought 73,687 shares of the company’s stock, valued at approximately $3,419,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKC. Aristotle Capital Management LLC boosted its position in McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock worth $638,795,000 after acquiring an additional 8,848,235 shares during the last quarter. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the second quarter worth $154,566,000. Amundi boosted its holdings in McCormick & Company, Incorporated by 72.5% during the first quarter. Amundi now owns 2,023,544 shares of the company’s stock worth $102,068,000 after purchasing an additional 850,343 shares during the last quarter. Sei Investments Co. boosted its holdings in McCormick & Company, Incorporated by 86.5% during the first quarter. Sei Investments Co. now owns 809,720 shares of the company’s stock worth $40,842,000 after purchasing an additional 375,471 shares during the last quarter. Finally, OLD Republic International Corp grew its position in McCormick & Company, Incorporated by 116.2% in the second quarter. OLD Republic International Corp now owns 632,400 shares of the company’s stock valued at $31,924,000 after purchasing an additional 339,900 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $48.42 on Monday. The stock has a 50 day simple moving average of $48.49 and a 200 day simple moving average of $53.07. The stock has a market cap of $13.03 billion, a P/E ratio of 8.76, a PEG ratio of 2.04 and a beta of 0.66. McCormick & Company, Incorporated has a 1-year low of $43.25 and a 1-year high of $72.41. The company has a current ratio of 0.66, a quick ratio of 0.33 and a debt-to-equity ratio of 0.38.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, topping 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.85 earnings per share. McCormick & Company, Incorporated’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. Research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BNP Paribas Exane decreased their price objective on McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. UBS Group dropped their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. TD Cowen reissued a “hold” rating and set a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Finally, Barclays reduced their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, October 2nd. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $55.30.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets and distributes spices, herbs, seasonings, condiments and other flavor products. Its offerings include individual spices and herbs, seasoning blends, extracts, sauces and hot sauces sold under brands such as McCormick, French’s, Frank’s RedHot, OLD BAY and Cholula.

The company serves consumers through retail stores and e-commerce, and supplies flavor products and solutions to food service businesses and food and beverage manufacturers.