Berman McAleer LLC Makes New Investment in McCormick & Company, Incorporated $MKC

Berman McAleer LLC purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 3rd quarter, Holdings Channel reports. The firm purchased 9,110 shares of the company’s stock, valued at approximately $610,000.

A number of other institutional investors have also made changes to their positions in MKC. National Pension Service boosted its holdings in McCormick & Company, Incorporated by 0.5% during the third quarter. National Pension Service now owns 427,422 shares of the company’s stock worth $28,599,000 after purchasing an additional 2,171 shares during the last quarter. Arizona State Retirement System lifted its position in McCormick & Company, Incorporated by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 75,082 shares of the company’s stock worth $5,024,000 after buying an additional 1,228 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of McCormick & Company, Incorporated by 83.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 13,072 shares of the company’s stock worth $875,000 after buying an additional 5,945 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of McCormick & Company, Incorporated by 15.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,121 shares of the company’s stock valued at $3,487,000 after acquiring an additional 7,051 shares in the last quarter. Finally, Bank of Jackson Hole Trust grew its holdings in shares of McCormick & Company, Incorporated by 137.0% in the 3rd quarter. Bank of Jackson Hole Trust now owns 782 shares of the company’s stock valued at $52,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

MKC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, December 15th. Stifel Nicolaus cut their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, January 26th. Hsbc Global Res raised shares of McCormick & Company, Incorporated to a “hold” rating in a research report on Friday, January 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Stock Up 0.8%

MKC stock opened at $61.80 on Friday. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The business’s 50 day simple moving average is $66.27 and its 200 day simple moving average is $67.47. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $16.59 billion, a PE ratio of 21.09, a PEG ratio of 3.92 and a beta of 0.62.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts anticipate 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. Investors of record on Monday, December 29th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

Insider Activity

In related news, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the transaction, the chief executive officer owned 108,652 shares in the company, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the transaction, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 146,158 shares of company stock valued at $9,635,824 in the last ninety days. 23.80% of the stock is currently owned by insiders.

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.