Calamos Wealth Management LLC Purchases New Shares in McCormick & Company, Incorporated $MKC

Calamos Wealth Management LLC purchased a new position in McCormick & Company, Incorporated (NYSE:MKC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,607 shares of the company’s stock, valued at approximately $686,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aristotle Capital Management LLC acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $259,918,000. Invesco Ltd. raised its holdings in shares of McCormick & Company, Incorporated by 66.7% during the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares during the period. Wellington Management Group LLP lifted its position in shares of McCormick & Company, Incorporated by 67.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares in the last quarter. Diamant Asset Management Inc. lifted its position in shares of McCormick & Company, Incorporated by 4,848.6% in the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after acquiring an additional 1,025,480 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $64,522,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $52.93 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 2.69 and a beta of 0.63. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $73.84. The firm has a 50 day moving average of $48.59 and a two-hundred day moving average of $56.67.

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

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, July 6th will be given 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 dividend yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

MKC has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Barclays decreased their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. Zacks Research raised McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Sanford C. Bernstein reduced their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.50.

About McCormick & Company, Incorporated

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.