McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero Sells 5,000 Shares of Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the sale, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jacques Tapiero also recently made the following trade(s):

• On Tuesday, February 3rd, Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock. The shares were sold at an average price of $63.85, for a total transaction of $319,250.00.

McCormick & Company, Incorporated Stock Up 0.7%

Shares of MKC stock opened at $67.88 on Tuesday. 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 firm’s fifty day moving average price is $66.07 and its two-hundred day moving average price is $67.15. The firm has a market capitalization of $18.22 billion, a P/E ratio of 23.17, a PEG ratio of 4.31 and a beta of 0.61. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly 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 net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 29th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s dividend payout ratio is presently 65.53%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MKC shares. Jefferies Financial Group boosted their price target 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. UBS Group lowered their price objective 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. Weiss Ratings restated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, October 14th. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.30.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after acquiring an additional 925 shares during the last quarter. Empowered Funds LLC grew its stake in McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after purchasing an additional 941 shares during the period. Woodline Partners LP increased its holdings in McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after buying an additional 6,189 shares during the last quarter. Callan Family Office LLC increased its stake in shares of McCormick & Company, Incorporated by 80.0% during the 2nd quarter. Callan Family Office LLC now owns 5,058 shares of the company’s stock worth $383,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at $225,000. Institutional investors own 79.74% of the company’s stock.

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.