Aristotle Capital Management LLC Has $638.79 Million Position in McCormick & Company, Incorporated $MKC

Aristotle Capital Management LLC increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 231.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,664,378 shares of the company’s stock after acquiring an additional 8,848,235 shares during the quarter. Aristotle Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $638,795,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators raised its holdings in 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 during the period. Motiv8 Investments LLC acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth $28,000. Zions Bancorporation National Association UT boosted its position in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares during the period. Union Savings Bank acquired a new stake in McCormick & Company, Incorporated in the 4th quarter valued at approximately $36,000. Finally, Glen Eagle Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock valued at $39,000 after purchasing an additional 170 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Down 0.4%

Shares of NYSE:MKC opened at $49.99 on Friday. The business’s 50 day moving average is $49.31 and its 200 day moving average is $55.81. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $73.84. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 2.51 and a beta of 0.63. 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 posted its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue 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. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MKC. Jefferies Financial Group dropped their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. BTIG Research began coverage on shares of McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a “neutral” rating on the stock. TD Cowen cut their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, UBS Group upped their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. 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 company has an average rating of “Hold” and a consensus target price 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.