Caprock Group LLC Acquires Shares of 15,342 McCormick & Company, Incorporated $MKC

Caprock Group LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, HoldingsChannel.com reports. The fund bought 15,342 shares of the company’s stock, valued at approximately $1,080,000.

Other hedge funds have also recently made changes to their positions in the company. Nuance Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $15,388,000. Envestnet Asset Management Inc. raised its position in McCormick & Company, Incorporated by 3.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock valued at $58,806,000 after purchasing an additional 29,418 shares in the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of McCormick & Company, Incorporated by 3,178.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock worth $2,211,000 after buying an additional 32,040 shares during the period. Savoir Faire Capital Management L.P. lifted its holdings in shares of McCormick & Company, Incorporated by 90.0% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock worth $7,916,000 after buying an additional 56,049 shares during the period. Finally, PGGM Investments grew its position in shares of McCormick & Company, Incorporated by 141.9% during the 3rd quarter. PGGM Investments now owns 677,573 shares of the company’s stock worth $45,336,000 after buying an additional 397,508 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $71.57 on Monday. The company has a 50 day moving average of $66.59 and a two-hundred day moving average of $67.12. The company has a quick ratio of 0.28, a current ratio of 0.70 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 company has a market cap of $19.21 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, analysts predict 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. Shareholders of record on Monday, December 29th were issued a $0.48 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 29th. McCormick & Company, Incorporated’s dividend payout ratio is 65.53%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MKC shares. Stifel Nicolaus decreased their price objective 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 target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, UBS Group reduced 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 note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.30.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business’s 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 sale, the director owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,000 shares of company stock valued at $7,947,300. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated 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.