AMI Asset Management Corp Has $15.45 Million Stock Position in McCormick & Company, Incorporated $MKC

AMI Asset Management Corp lowered its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 7.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 306,237 shares of the company’s stock after selling 23,010 shares during the period. AMI Asset Management Corp’s holdings in McCormick & Company, Incorporated were worth $15,447,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ raised its stake in McCormick & Company, Incorporated by 2.9% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 85,398 shares of the company’s stock valued at $4,307,000 after acquiring an additional 2,395 shares during the period. Apollon Wealth Management LLC bought a new position in McCormick & Company, Incorporated during the first quarter worth $329,000. Janney Montgomery Scott LLC increased its holdings in shares of McCormick & Company, Incorporated by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 199,952 shares of the company’s stock valued at $10,086,000 after purchasing an additional 11,091 shares during the last quarter. Diamant Asset Management Inc. increased its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company’s stock valued at $52,792,000 after purchasing an additional 1,025,480 shares during the last quarter. Finally, Grey Ledge Advisors LLC raised its position in shares of McCormick & Company, Incorporated by 5.9% in the first quarter. Grey Ledge Advisors LLC now owns 10,887 shares of the company’s stock valued at $549,000 after purchasing an additional 610 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. BTIG Research initiated coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Jefferies Financial Group cut their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Finally, BNP Paribas Exane reduced their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $60.50.

Insider Activity

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were bought at an average cost of $52.98 per share, with a total value of $105,960.00. Following the completion of the acquisition, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 10.60% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Stock Up 2.3%

MKC opened at $52.22 on Tuesday. The stock has a fifty day moving average of $48.37 and a 200-day moving average of $57.86. The company has a market capitalization of $14.03 billion, a P/E ratio of 8.69, a P/E/G ratio of 2.52 and a beta of 0.65. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $78.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the company posted $0.69 earnings per share. McCormick & Company, Incorporated’s revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 3.7%. McCormick & Company, Incorporated’s payout ratio is currently 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.