United Asset Strategies Inc. Invests $487,000 in McCormick & Company, Incorporated $MKC

United Asset Strategies Inc. acquired a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,656 shares of the company’s stock, valued at approximately $487,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ransom Advisory Ltd increased its stake in McCormick & Company, Incorporated by 3.6% during the 4th quarter. Ransom Advisory Ltd now owns 4,625 shares of the company’s stock valued at $315,000 after purchasing an additional 160 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of McCormick & Company, Incorporated by 42.5% during the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after buying an additional 170 shares during the last quarter. Van ECK Associates Corp grew its holdings 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 valued at $122,000 after buying an additional 171 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew 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 valued at $131,000 after buying an additional 176 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of analyst reports. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Jefferies Financial Group lowered their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, Stifel Nicolaus cut their target price on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $52.35 on Wednesday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $73.84. The stock’s 50 day moving average price is $48.37 and its 200-day moving average price is $57.23. The company has a market capitalization of $14.07 billion, a PE ratio of 8.71, a PEG ratio of 2.59 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 released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts anticipate 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 will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were acquired at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the purchase, the director directly owned 2,906 shares of the company’s stock, valued at $153,959.88. The trade was a 220.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.60% of the company’s stock.

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.