Puzo Michael J Sells 18,518 Shares of McCormick & Company, Incorporated $MKC

Puzo Michael J trimmed its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 42.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,009 shares of the company’s stock after selling 18,518 shares during the period. Puzo Michael J’s holdings in McCormick & Company, Incorporated were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MKC. Hamel Associates Inc. raised its stake in shares of McCormick & Company, Incorporated by 66.8% during the 1st quarter. Hamel Associates Inc. now owns 20,225 shares of the company’s stock worth $1,020,000 after acquiring an additional 8,100 shares in the last quarter. SEB Asset Management AB acquired a new stake in McCormick & Company, Incorporated in the first quarter valued at approximately $2,671,000. Swiss National Bank boosted its stake in McCormick & Company, Incorporated by 7.1% in the first quarter. Swiss National Bank now owns 743,200 shares of the company’s stock valued at $37,487,000 after acquiring an additional 49,300 shares in the last quarter. D.A. Davidson & CO. grew its holdings in McCormick & Company, Incorporated by 6.5% in the first quarter. D.A. Davidson & CO. now owns 25,726 shares of the company’s stock worth $1,298,000 after purchasing an additional 1,578 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in McCormick & Company, Incorporated in the first quarter worth $331,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Trading Up 1.2%

Shares of McCormick & Company, Incorporated stock opened at $52.31 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $73.84. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.59 and a beta of 0.63. The firm’s 50 day simple moving average is $48.91 and its two-hundred day simple moving average is $56.20.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The business 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 business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MKC. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. BTIG Research began coverage on McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. HSBC dropped their target price on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, BNP Paribas Exane decreased their price target on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $60.50.

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.