Insider Selling: McCormick & Company, Incorporated (NYSE:MKC) Major Shareholder Sells $3,581,500.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. The trade was a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Lawrence Erik Kurzius also recently made the following trade(s):

• On Tuesday, January 13th, Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00.

McCormick & Company, Incorporated Stock Performance

MKC opened at $71.57 on Monday. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.57 and a beta of 0.61. The company has a fifty day moving average of $66.59 and a 200 day moving average of $67.12. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

McCormick & Company, Incorporated (NYSE:MKC) last announced 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). 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%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.7%. 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%.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several institutional investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in McCormick & Company, Incorporated in the second quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new position in McCormick & Company, Incorporated during the 3rd quarter valued at $28,000. GoalVest Advisory LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at $28,000. Finally, Deseret Mutual Benefit Administrators grew its position in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

MKC has been the subject of a number of recent research reports. Jefferies Financial Group raised their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, December 15th. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Finally, TD Cowen dropped their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Five investment 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, McCormick & Company, Incorporated presently has an average rating of “Hold” and a consensus price target of $73.30.

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.