Western Wealth Management LLC Takes Position in McCormick & Company, Incorporated $MKC

Western Wealth Management LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,426 shares of the company’s stock, valued at approximately $879,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Deseret Mutual Benefit Administrators grew its stake in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Glen Eagle Advisors LLC lifted its position in 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 acquiring an additional 170 shares during the last quarter. Van ECK Associates Corp lifted its position in McCormick & Company, Incorporated by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after acquiring an additional 171 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after acquiring an additional 176 shares during the period. Finally, Modern Wealth Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after acquiring an additional 181 shares during the period. Institutional investors own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen decreased their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. UBS Group lifted their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Barclays reduced their price target on 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. Zacks Research raised McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC opened at $51.03 on Monday. The company’s 50 day moving average price is $49.72 and its two-hundred day moving average price is $55.20. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.58. The firm has a market cap of $13.72 billion, a PE ratio of 8.49, a PEG ratio of 2.55 and a beta of 0.63. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm earned $0.69 earnings per share. The business’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 year.

McCormick & Company, Incorporated Dividend Announcement

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

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.