Bartlett & CO. Wealth Management LLC Sells 303,722 Shares of McCormick & Company, Incorporated $MKC

Bartlett & CO. Wealth Management LLC reduced its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 53.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 262,531 shares of the company’s stock after selling 303,722 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in McCormick & Company, Incorporated were worth $12,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MKC. 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 in the last quarter. Motiv8 Investments LLC bought a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $28,000. GoalVest Advisory LLC purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $28,000. Zions Bancorporation National Association UT lifted its position in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares in the last quarter. Finally, Union Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $36,000. 79.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MKC shares. BTIG Research assumed coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Barclays dropped their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Stifel Nicolaus cut their target price on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. 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. Finally, BNP Paribas Exane decreased their price target on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Down 2.0%

Shares of NYSE:MKC opened at $51.83 on Friday. The firm has a fifty day moving average price of $48.81 and a two-hundred day moving average price of $56.40. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 2.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results 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 net margin of 21.91% and a return on equity of 12.78%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s quarterly 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. Analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is presently 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.