Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in McCormick & Company, Incorporated $MKC

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 156.8% during the 1st quarter, HoldingsChannel reports. The firm owned 98,194 shares of the company’s stock after buying an additional 59,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in McCormick & Company, Incorporated were worth $4,953,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Deprince Race & Zollo Inc. raised its position in shares of McCormick & Company, Incorporated by 330.3% during the 1st quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company’s stock valued at $35,051,000 after buying an additional 533,437 shares in the last quarter. USS Investment Management Ltd grew its position in McCormick & Company, Incorporated by 14.0% in the first quarter. USS Investment Management Ltd now owns 71,571 shares of the company’s stock worth $3,610,000 after acquiring an additional 8,802 shares in the last quarter. IFM Investors Pty Ltd grew its position in McCormick & Company, Incorporated by 5.9% in the first quarter. IFM Investors Pty Ltd now owns 52,775 shares of the company’s stock worth $2,662,000 after acquiring an additional 2,925 shares in the last quarter. First Pacific Financial increased its stake in McCormick & Company, Incorporated by 2.7% during the first quarter. First Pacific Financial now owns 12,165 shares of the company’s stock worth $614,000 after acquiring an additional 321 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ raised its position in McCormick & Company, Incorporated by 2.9% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 85,398 shares of the company’s stock valued at $4,307,000 after purchasing an additional 2,395 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MKC shares. BNP Paribas Exane lowered their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. UBS Group raised their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Barclays dropped their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average price target of $60.50.

Insider Buying and Selling

In related news, Director Gavin Hattersley purchased 2,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the purchase, the director directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This represents a 220.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.60% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Trading Down 3.1%

Shares of NYSE MKC opened at $51.77 on Tuesday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $74.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.68 and a beta of 0.63. The business’s 50 day moving average price is $48.36 and its 200-day moving average price is $57.47.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations 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 revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 6th will be issued a $0.48 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

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.