Caprock Group LLC Purchases New Holdings in McCormick & Company, Incorporated $MKC

Caprock Group LLC acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,342 shares of the company’s stock, valued at approximately $1,080,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MKC. Bank of Jackson Hole Trust bought a new stake in McCormick & Company, Incorporated in the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $28,000. Curio Wealth LLC boosted its holdings in McCormick & Company, Incorporated by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 399 shares during the last quarter. Finally, MTM Investment Management LLC bought a new stake in McCormick & Company, Incorporated in the 2nd quarter worth approximately $30,000. Institutional investors own 79.74% of the company’s stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at approximately $21,273,536.96. The trade was a 14.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock worth $7,947,300 in the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. TD Cowen lowered their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating for the company in a research report 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 report on Friday, January 23rd. Finally, Barclays dropped their price target on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $71.57 on Monday. The stock has a 50-day moving average price of $66.59 and a 200 day moving average price of $67.12. The stock has a market capitalization of $19.21 billion, a P/E ratio of 24.43, a P/E/G ratio of 4.57 and a beta of 0.61. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. 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 (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued a $0.48 dividend. The ex-dividend date was Monday, December 29th. 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. McCormick & Company, Incorporated’s payout ratio is presently 65.53%.

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.