Michael Mangan Sells 5,000 Shares of McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Michael Mangan sold 5,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

McCormick & Company, Incorporated Stock Up 2.2%

MKC opened at $70.50 on Thursday. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The firm 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 company’s 50-day moving average is $66.26 and its 200 day 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 posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business posted $0.80 EPS. The company’s quarterly revenue 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 expect that McCormick & Company, Incorporated will post 3.07 earnings per share 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. Investors of record on Monday, December 29th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio is 65.53%.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several institutional investors have recently made changes to their positions in MKC. Bank of Jackson Hole Trust purchased a new position in shares of McCormick & Company, Incorporated in the second quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $27,000. Heartwood Wealth Advisors LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $28,000. GoalVest Advisory LLC purchased a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. Finally, Deseret Mutual Benefit Administrators increased its position in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MKC. UBS Group decreased their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. JPMorgan Chase & Co. decreased 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. Stifel Nicolaus dropped their target price on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. HSBC reduced their target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average 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.