South Dakota Investment Council Takes Position in McCormick & Company, Incorporated $MKC

South Dakota Investment Council acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,800 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in McCormick & Company, Incorporated by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after acquiring an additional 628,390 shares in the last quarter. PGGM Investments increased its holdings in shares of McCormick & Company, Incorporated by 10.2% in the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after acquiring an additional 69,034 shares during the period. Vanguard Group Inc. raised its position in shares of McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock worth $2,225,828,000 after acquiring an additional 314,252 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of McCormick & Company, Incorporated by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock worth $34,086,000 after purchasing an additional 47,119 shares during the last quarter. Finally, Middleton & Co. Inc. MA purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth $1,613,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $51.03 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The firm has a market cap of $13.72 billion, a PE ratio of 8.49, a P/E/G ratio of 2.55 and a beta of 0.63. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $72.58. The stock has a fifty day moving average price of $49.72 and a 200-day moving average price of $55.28.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.95%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BTIG Research started coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating on the stock. UBS Group increased their price target on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, TD Cowen reduced 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 research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.50.

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.