Mission Wealth Management LP Sells 8,181 Shares of McCormick & Company, Incorporated $MKC

Mission Wealth Management LP lessened its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 63.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,679 shares of the company’s stock after selling 8,181 shares during the period. Mission Wealth Management LP’s holdings in McCormick & Company, Incorporated were worth $313,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MKC. Nicholson Wealth Management Group LLC raised its stake in McCormick & Company, Incorporated by 13.7% in the 3rd quarter. Nicholson Wealth Management Group LLC now owns 21,740 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,613 shares during the period. Van Cleef Asset Management Inc increased its stake in shares of McCormick & Company, Incorporated by 1.7% in the third quarter. Van Cleef Asset Management Inc now owns 310,969 shares of the company’s stock worth $20,807,000 after purchasing an additional 5,063 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 39.1% in the third quarter. Transcend Capital Advisors LLC now owns 3,866 shares of the company’s stock worth $259,000 after purchasing an additional 1,087 shares in the last quarter. Berman McAleer LLC bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $610,000. Finally, National Pension Service lifted its stake in shares of McCormick & Company, Incorporated by 0.5% during the 3rd quarter. National Pension Service now owns 427,422 shares of the company’s stock valued at $28,599,000 after buying an additional 2,171 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.5%

Shares of NYSE MKC opened at $66.91 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. The business has a 50-day moving average of $66.05 and a 200-day moving average of $67.28. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 4.26 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.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly 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). The company 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%.McCormick & Company, Incorporated’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were given a dividend of $0.48 per share. The ex-dividend date was Monday, December 29th. This is a positive change 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 2.9%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 65.53%.

Insiders Place Their Bets

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the transaction, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brendan M. Foley sold 57,144 shares of the firm’s stock in a transaction dated 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 directly owned 108,652 shares in the company, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 151,158 shares of company stock valued at $9,955,074 over the last 90 days. Insiders own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. HSBC decreased their price objective on 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. Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Barclays reduced their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average 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.