Pacer Advisors Inc. Cuts Stake in McCormick & Company, Incorporated $MKC

Pacer Advisors Inc. cut its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 39.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,081 shares of the company’s stock after selling 12,829 shares during the quarter. Pacer Advisors Inc.’s holdings in McCormick & Company, Incorporated were worth $1,013,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. DV Trading LLC purchased a new stake in McCormick & Company, Incorporated during the first quarter valued at about $211,000. NewEdge Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 23.5% in the 1st quarter. NewEdge Advisors LLC now owns 21,792 shares of the company’s stock valued at $1,099,000 after acquiring an additional 4,151 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of McCormick & Company, Incorporated by 3,908.2% in the 1st quarter. Optiver Holding B.V. now owns 8,337 shares of the company’s stock valued at $421,000 after acquiring an additional 8,129 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in McCormick & Company, Incorporated during the 1st quarter valued at about $1,054,000. Finally, Glenmede Trust Co. NA boosted its holdings in McCormick & Company, Incorporated by 15.8% during the 1st quarter. Glenmede Trust Co. NA now owns 17,606 shares of the company’s stock valued at $888,000 after acquiring an additional 2,396 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.0%

Shares of MKC opened at $52.94 on Monday. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.58. 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’s 50-day moving average price is $50.22 and its 200-day moving average price is $54.66. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated’s revenue 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. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.6%. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of analyst reports. 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 research note on Friday, June 26th. BTIG Research began coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. TD Cowen cut their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Sanford C. Bernstein lowered their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to 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.