Wealthfront Advisers LLC Decreases Stake in McCormick & Company, Incorporated $MKC

Wealthfront Advisers LLC cut its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 57.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,068 shares of the company’s stock after selling 12,012 shares during the period. Wealthfront Advisers LLC’s holdings in McCormick & Company, Incorporated were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MKC. Deseret Mutual Benefit Administrators boosted its holdings in 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 purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $28,000. Zions Bancorporation National Association UT raised 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 valued at $31,000 after purchasing an additional 357 shares in the last quarter. Union Savings Bank purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $36,000. Finally, Glen Eagle Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after buying an additional 170 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $52.04 on Thursday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $73.84. The firm’s 50-day simple moving average is $49.16 and its 200 day simple moving average is $55.97. 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 stock has a market cap of $13.99 billion, a P/E ratio of 8.66, a P/E/G ratio of 2.62 and a beta of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MKC shares. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. UBS Group increased their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Stifel Nicolaus decreased their price target on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $60.50.

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.