Cibc World Market Inc. Buys New Shares in McCormick & Company, Incorporated $MKC

Cibc World Market Inc. acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 57,084 shares of the company’s stock, valued at approximately $3,819,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC purchased a new position in McCormick & Company, Incorporated during the third quarter worth $1,080,000. Rhumbline Advisers grew its stake in McCormick & Company, Incorporated by 2.4% in the third quarter. Rhumbline Advisers now owns 546,636 shares of the company’s stock worth $36,575,000 after purchasing an additional 13,006 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in McCormick & Company, Incorporated by 2.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 101,606 shares of the company’s stock valued at $6,799,000 after purchasing an additional 2,008 shares during the period. MQS Management LLC bought a new position in McCormick & Company, Incorporated in the third quarter worth approximately $383,000. Finally, Midwest Trust Co boosted its position in McCormick & Company, Incorporated by 8.1% during the third quarter. Midwest Trust Co now owns 119,944 shares of the company’s stock valued at $8,025,000 after purchasing an additional 8,965 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MKC. Jefferies Financial Group upped their target price on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Stifel Nicolaus decreased their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. HSBC cut their price objective on 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. UBS Group reduced their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.30.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 in the last ninety days. 23.80% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Stock Down 0.1%

MKC stock opened at $71.57 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 twelve month low of $59.62 and a twelve month high of $86.24. The stock has a market cap of $19.21 billion, a P/E ratio of 24.43, a PEG ratio of 4.57 and a beta of 0.61. The company’s 50 day moving average is $66.59 and its two-hundred day moving average is $67.12.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The business’s 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. 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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost 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 (DPR) is presently 65.53%.

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.