Assenagon Asset Management S.A. Purchases 41,257 Shares of McCormick & Company, Incorporated $MKC

Assenagon Asset Management S.A. lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 381.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,059 shares of the company’s stock after purchasing an additional 41,257 shares during the quarter. Assenagon Asset Management S.A.’s holdings in McCormick & Company, Incorporated were worth $2,626,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MKC. GoalVest Advisory LLC bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. Deseret Mutual Benefit Administrators lifted its position in shares of McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $28,000. Zions Bancorporation National Association UT grew its holdings in McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after purchasing an additional 357 shares during the period. Finally, Union Savings Bank bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $36,000. 79.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gavin Hattersley purchased 2,000 shares of McCormick & Company, Incorporated stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the acquisition, the director owned 2,906 shares in the company, valued at approximately $153,959.88. The trade was a 220.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $50.39 on Wednesday. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $78.03. The company has a 50-day moving average price of $48.29 and a 200-day moving average price of $57.76. The firm has a market capitalization of $13.54 billion, a P/E ratio of 8.38, a PEG ratio of 2.60 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

MKC has been the subject of several analyst reports. Barclays cut their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Weiss Ratings cut shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. HSBC dropped their price target on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Stifel Nicolaus reduced their price objective on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.50.

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.