Insider Selling: McCormick & Company, Incorporated (NYSE:MKC) Director Sells $335,450.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the transaction, the director directly owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jacques Tapiero also recently made the following trade(s):

• On Tuesday, February 3rd, Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock. The stock was sold at an average price of $63.85, for a total transaction of $319,250.00.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $70.50 on Thursday. The company has a market capitalization of $18.93 billion, a P/E ratio of 24.06, a P/E/G ratio of 4.41 and a beta of 0.61. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The firm’s 50 day simple moving average is $66.26 and its two-hundred day simple moving average is $67.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

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). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s payout ratio is 65.53%.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Jackson Hole Trust purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated during the second quarter valued at $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $28,000. GoalVest Advisory LLC bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $28,000. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. UBS Group dropped their price target on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut 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 report on Friday, January 23rd. Jefferies Financial Group lifted their price objective 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. Finally, TD Cowen dropped their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report 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 MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.30.

About McCormick & Company, Incorporated

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.