Wendell David Associates Inc. Decreases Holdings in McCormick & Company, Incorporated $MKC

Wendell David Associates Inc. lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 7.6% during the first quarter, HoldingsChannel.com reports. The fund owned 131,453 shares of the company’s stock after selling 10,736 shares during the quarter. Wendell David Associates Inc.’s holdings in McCormick & Company, Incorporated were worth $6,630,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators increased its position in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth $28,000. GoalVest Advisory LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $28,000. Zions Bancorporation National Association UT boosted its position in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares in the last quarter. Finally, Union Savings Bank purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $36,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MKC shares. Weiss Ratings cut shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. UBS Group lifted their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. BNP Paribas Exane reduced their price target on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Barclays lowered their price target 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. Finally, TD Cowen dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Six 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Down 3.2%

Shares of NYSE:MKC opened at $50.39 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $13.54 billion, a P/E ratio of 8.38, a P/E/G ratio of 2.60 and a beta of 0.65. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $78.03. The stock’s fifty day simple moving average is $48.29 and its 200-day simple moving average is $57.76.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping 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 firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 16.7% 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, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. McCormick & Company, Incorporated’s payout ratio is 31.95%.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Gavin Hattersley acquired 2,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 2,906 shares in the company, valued at approximately $153,959.88. This represents a 220.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by company insiders.

About McCormick & Company, Incorporated

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.