Banque Cantonale Vaudoise Decreases Position in McCormick & Company, Incorporated $MKC

Banque Cantonale Vaudoise lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 94.2% in the first quarter, Holdings Channel.com reports. The fund owned 1,330 shares of the company’s stock after selling 21,657 shares during the quarter. Banque Cantonale Vaudoise’s holdings in McCormick & Company, Incorporated were worth $67,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MKC. Deseret Mutual Benefit Administrators raised its position in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $28,000. GoalVest Advisory LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $28,000. Zions Bancorporation National Association UT increased its holdings in shares of McCormick & Company, Incorporated by 340.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after purchasing an additional 357 shares during the last quarter. Finally, Union Savings Bank acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $36,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Gavin Hattersley purchased 2,000 shares of the stock in a transaction on Friday, April 10th. The stock was bought at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the acquisition, the director directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. The trade was a 220.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.60% of the stock is owned by company insiders.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $50.39 on Wednesday. The company has a market cap of $13.54 billion, a P/E ratio of 8.38, a PEG ratio of 2.60 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 quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $48.29 and its 200 day moving average price is $57.76.

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 analysts’ consensus estimates 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 analyst estimates of $1.91 billion. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research 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 will be paid on Monday, July 20th. Investors of record on Monday, July 6th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MKC. BNP Paribas Exane lowered their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Jefferies Financial Group dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft raised their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently 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.