Janney Montgomery Scott LLC Raises Stake in McCormick & Company, Incorporated $MKC

Janney Montgomery Scott LLC raised its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,952 shares of the company’s stock after purchasing an additional 11,091 shares during the quarter. Janney Montgomery Scott LLC’s holdings in McCormick & Company, Incorporated were worth $10,086,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aristotle Capital Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth about $259,918,000. Invesco Ltd. increased its position in McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares during the period. Wellington Management Group LLP increased its position in McCormick & Company, Incorporated by 67.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares during the period. Diamant Asset Management Inc. raised its stake in McCormick & Company, Incorporated by 4,848.6% during the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after acquiring an additional 1,025,480 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in McCormick & Company, Incorporated during the 4th quarter valued at approximately $64,522,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MKC shares. Sanford C. Bernstein decreased their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. HSBC cut their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. JPMorgan Chase & Co. decreased their price target on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Stifel Nicolaus lowered their price objective on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. Finally, BTIG Research began coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They issued a “neutral” rating on the stock. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.50.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Gavin Hattersley acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the acquisition, the director directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. The trade was a 220.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 10.60% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $53.45 on Friday. 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 cap of $14.36 billion, a P/E ratio of 8.89, a PEG ratio of 2.65 and a beta of 0.63. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $76.58. The company has a 50-day moving average price of $48.32 and a 200 day moving average price of $57.57.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter 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. Research analysts predict that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be paid a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is 31.95%.

McCormick & Company, Incorporated Company 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.