Calamos Advisors LLC Invests $686,000 in McCormick & Company, Incorporated $MKC

Calamos Advisors LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,607 shares of the company’s stock, valued at approximately $686,000.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on MKC shares. Jefferies Financial Group reduced their target price on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. TD Cowen lowered their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, June 26th. Sanford C. Bernstein dropped their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Finally, Stifel Nicolaus cut their price target on McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $52.89 on Friday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The business has a 50-day moving average of $48.74 and a 200 day moving average of $56.43. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $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, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.6%. McCormick & Company, Incorporated’s payout ratio is presently 31.95%.

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.