Nuance Investments LLC Buys New Shares in McCormick & Company, Incorporated $MKC

Nuance Investments LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 229,986 shares of the company’s stock, valued at approximately $15,388,000. McCormick & Company, Incorporated accounts for approximately 1.6% of Nuance Investments LLC’s investment portfolio, making the stock its 20th biggest holding. Nuance Investments LLC owned 0.09% of McCormick & Company, Incorporated as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in MKC. SBI Securities Co. Ltd. increased its holdings in shares of McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock worth $246,000 after buying an additional 148 shares during the period. Nicholson Wealth Management Group LLC grew its position in McCormick & Company, Incorporated by 1.0% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock worth $1,450,000 after acquiring an additional 181 shares during the last quarter. Modern Wealth Management LLC increased its stake in McCormick & Company, Incorporated by 5.9% in the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after purchasing an additional 181 shares during the period. Allianz Asset Management GmbH increased its stake in McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock worth $643,000 after purchasing an additional 185 shares during the period. Finally, Nordea Investment Management AB lifted its position in McCormick & Company, Incorporated by 0.7% in the second quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock valued at $2,044,000 after purchasing an additional 190 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKC has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, December 15th. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. lowered their price objective on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, UBS Group cut their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Up 0.8%

Shares of McCormick & Company, Incorporated stock opened at $67.50 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. The company has a market cap of $18.12 billion, a P/E ratio of 23.04, a PEG ratio of 4.31 and a beta of 0.61. The company’s fifty day simple moving average is $66.04 and its two-hundred day simple moving average is $67.18.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio is presently 65.53%.

Insider Buying and Selling

In other news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $63.85, for a total transaction of $319,250.00. Following the sale, the director owned 31,596 shares in the company, valued at approximately $2,017,404.60. The trade was a 13.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brendan M. Foley sold 57,144 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the completion of the transaction, the chief executive officer owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. The trade was a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 151,158 shares of company stock valued at $9,955,074 over the last ninety days. Company insiders own 23.80% 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.