Boston Trust Walden Corp Sells 21,019 Shares of McCormick & Company, Incorporated $MKC

Boston Trust Walden Corp cut its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,497 shares of the company’s stock after selling 21,019 shares during the period. Boston Trust Walden Corp’s holdings in McCormick & Company, Incorporated were worth $6,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MKC. Investors Research Corp purchased a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $1,152,000. Rockland Trust Co. raised its holdings in McCormick & Company, Incorporated by 6.2% during the 3rd quarter. Rockland Trust Co. now owns 393,414 shares of the company’s stock worth $18,254,000 after buying an additional 22,991 shares during the period. Trust Co. of Vermont purchased a new stake in McCormick & Company, Incorporated during the second quarter valued at about $1,331,000. XXEC Inc. purchased a new stake in McCormick & Company, Incorporated during the second quarter valued at about $154,566,000. Finally, Viking Fund Management LLC boosted its holdings in shares of McCormick & Company, Incorporated by 9.9% in the third quarter. Viking Fund Management LLC now owns 368,000 shares of the company’s stock worth $17,075,000 after buying an additional 33,000 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Down 3.3%

Shares of NYSE:MKC traded down $1.64 on Friday, reaching $48.42. The company had a trading volume of 3,817,143 shares, compared to its average volume of 3,957,856. The stock has a market capitalization of $13.03 billion, a P/E ratio of 8.76, a P/E/G ratio of 2.06 and a beta of 0.66. The stock has a 50-day moving average price of $48.49 and a 200 day moving average price of $53.07. McCormick & Company, Incorporated has a twelve month low of $43.25 and a twelve month high of $72.41. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were given a $0.48 dividend. The ex-dividend date was Tuesday, October 13th. This represents a $1.92 annualized dividend and a yield of 4.0%. McCormick & Company, Incorporated’s payout ratio is presently 34.72%.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of recent analyst reports. TD Cowen restated a “hold” rating and set a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. UBS Group decreased their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Finally, BNP Paribas Exane dropped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.30.

Insider Buying and Selling

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the transaction, the insider directly owned 296,992 shares of the company’s stock, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.