McCormick & Company, Incorporated $MKC Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743,200 shares of the company’s stock after buying an additional 49,300 shares during the period. Swiss National Bank’s holdings in McCormick & Company, Incorporated were worth $37,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. D.A. Davidson & CO. grew its holdings in McCormick & Company, Incorporated by 6.5% in the 1st quarter. D.A. Davidson & CO. now owns 25,726 shares of the company’s stock worth $1,298,000 after buying an additional 1,578 shares in the last quarter. ABC Arbitrage SA bought a new stake in McCormick & Company, Incorporated during the 1st quarter valued at $331,000. Calamos Wealth Management LLC bought a new stake in McCormick & Company, Incorporated during the 1st quarter valued at $686,000. Calamos Advisors LLC bought a new stake in McCormick & Company, Incorporated during the 1st quarter valued at $686,000. Finally, Mattern Capital Management LLC boosted its position in McCormick & Company, Incorporated by 5.1% during the 1st quarter. Mattern Capital Management LLC now owns 123,731 shares of the company’s stock worth $6,241,000 after acquiring an additional 6,002 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of research analyst reports. Weiss Ratings lowered McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Jefferies Financial Group cut their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. BTIG Research initiated coverage on shares of McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Barclays dropped their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Down 0.6%

Shares of MKC stock opened at $52.04 on Thursday. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $73.84. The stock has a market cap of $13.99 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.63. The business’s fifty day moving average is $49.16 and its 200-day moving average is $55.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’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. Equities analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend 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.