McCormick & Company, Incorporated $MKC Stake Trimmed by Reik & CO. LLC

Reik & CO. LLC cut its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,356 shares of the company’s stock after selling 8,238 shares during the quarter. McCormick & Company, Incorporated accounts for 7.6% of Reik & CO. LLC’s portfolio, making the stock its 5th largest position. Reik & CO. LLC owned about 0.16% of McCormick & Company, Incorporated worth $29,464,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MKC shares. Barclays decreased their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. UBS Group cut their target price on shares of 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. HSBC dropped their price target on shares of 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. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Up 0.8%

MKC stock opened at $61.80 on Friday. 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 1 year low of $59.62 and a 1 year high of $86.24. The company has a fifty day simple moving average of $66.27 and a 200 day simple moving average of $67.44. The firm has a market cap of $16.59 billion, a PE ratio of 21.09, a PEG ratio of 3.92 and a beta of 0.62.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results 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 return on equity of 14.27% and a net margin of 11.54%.The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The company’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. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed 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 3.1%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 65.53%.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brendan M. Foley sold 57,144 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the transaction, the chief executive officer owned 108,652 shares in the company, valued at approximately $7,123,225.12. This trade represents a 34.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 146,158 shares of company stock valued at $9,635,824. Corporate insiders own 23.80% of the company’s stock.

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.