Candriam S.C.A. Sells 13,552 Shares of McCormick & Company, Incorporated $MKC

Candriam S.C.A. decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 16.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,741 shares of the company’s stock after selling 13,552 shares during the period. Candriam S.C.A.’s holdings in McCormick & Company, Incorporated were worth $4,533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKC. Norges Bank purchased a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $249,087,000. Invesco Ltd. boosted its holdings in McCormick & Company, Incorporated by 44.9% in the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock valued at $283,399,000 after acquiring an additional 1,158,423 shares in the last quarter. Vanguard Group Inc. increased its position in McCormick & Company, Incorporated by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after purchasing an additional 553,862 shares during the period. PGGM Investments raised its holdings in McCormick & Company, Incorporated by 141.9% in the 3rd quarter. PGGM Investments now owns 677,573 shares of the company’s stock worth $45,336,000 after purchasing an additional 397,508 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $26,596,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $70.50 on Thursday. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $18.93 billion, a P/E ratio of 24.06, a PEG ratio of 4.41 and a beta of 0.61. The stock’s 50 day moving average is $66.26 and its 200 day moving average is $67.16.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) 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 analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 29th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 65.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MKC shares. Jefferies Financial Group boosted their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Finally, HSBC reduced their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.30.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the sale, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 65,000 shares of company stock valued at $4,365,800. 23.80% of the stock is owned by corporate insiders.

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.