McCormick & Company, Incorporated $MKC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 276,484 shares of the company’s stock after selling 13,956 shares during the period. Principal Financial Group Inc.’s holdings in McCormick & Company, Incorporated were worth $18,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MKC. Vanguard Group Inc. raised its stake in shares of McCormick & Company, Incorporated by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock worth $2,458,683,000 after buying an additional 553,862 shares in the last quarter. Geode Capital Management LLC grew its holdings in McCormick & Company, Incorporated by 2.1% during the second quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock worth $481,354,000 after acquiring an additional 133,800 shares during the period. Invesco Ltd. raised its position in McCormick & Company, Incorporated by 44.9% in the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after acquiring an additional 1,158,423 shares in the last quarter. Norges Bank purchased a new position in McCormick & Company, Incorporated in the second quarter worth $249,087,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in McCormick & Company, Incorporated by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,556,733 shares of the company’s stock valued at $118,031,000 after acquiring an additional 13,670 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling 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 dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following 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 is accessible through this link. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $63.85, for a total transaction of $319,250.00. Following the sale, the director owned 31,596 shares of the company’s stock, valued at approximately $2,017,404.60. This trade represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 151,158 shares of company stock worth $9,955,074. Corporate insiders own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MKC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. HSBC decreased their price target 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. Finally, Jefferies Financial Group raised their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.30.

McCormick & Company, Incorporated Trading Up 0.8%

Shares of McCormick & Company, Incorporated stock opened at $67.50 on Monday. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The business has a 50 day moving average price of $66.04 and a 200 day moving average price of $67.18. The company has a market capitalization of $18.12 billion, a P/E ratio of 23.04, a P/E/G ratio of 4.31 and a beta of 0.61.

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

McCormick & Company, Incorporated Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 2.8%. 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 is presently 65.53%.

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.