McCormick & Company, Incorporated $MKC Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 68.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,990 shares of the company’s stock after buying an additional 13,366 shares during the period. Janus Henderson Group PLC’s holdings in McCormick & Company, Incorporated were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its holdings in McCormick & Company, Incorporated by 67.8% during 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 in the last quarter. Glen Eagle Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 170 shares during the period. Van ECK Associates Corp increased its stake in shares of 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 purchasing an additional 171 shares in the last quarter. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 176 shares in the last quarter. Finally, Modern Wealth Management LLC increased its stake 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 purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.0%

MKC stock opened at $52.94 on Monday. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.58. The firm has a market cap of $14.23 billion, a PE ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.64. The firm’s 50 day moving average price is $50.22 and its 200-day moving average price is $54.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last issued 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. 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 during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business posted $0.69 earnings per share. 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. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MKC shares. UBS Group raised 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 note on Friday, June 26th. TD Cowen cut their price objective on 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. Jefferies Financial Group reduced their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Sanford C. Bernstein decreased their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Finally, BTIG Research started coverage on 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 and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.