Key Points
- Major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick on Feb. 12 at an average price of $71.63, totaling about $3.58 million, as disclosed in an SEC filing.
- Following the sale Kurzius directly owns 296,992 shares (a reported 14.41% reduction in his stake); he also sold 50,000 shares on Jan. 13 at an average of $67.43.
- Company fundamentals: McCormick reported Q results of $0.86 EPS (missed consensus by $0.01) with revenue of $1.85B, set FY2026 EPS guidance at 3.050–3.130, and raised its quarterly dividend to $0.48 (annualized $1.92, ~2.7% yield).
McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the transaction, the insider directly owned 296,992 shares of the company's stock, valued at approximately $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Lawrence Erik Kurzius also recently made the following trade(s):
- On Tuesday, January 13th, Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00.
McCormick & Company, Incorporated Stock Performance
Shares of MKC stock opened at $71.57 on Friday. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 4.58 and a beta of 0.61. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company's 50-day simple moving average is $66.59 and its 200-day simple moving average is $67.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.
McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.
McCormick & Company, Incorporated Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.7%. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.45. McCormick & Company, Incorporated's dividend payout ratio is currently 65.53%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Nuance Investments LLC purchased a new position in McCormick & Company, Incorporated during the third quarter worth approximately $15,388,000. Envestnet Asset Management Inc. increased its stake in shares of McCormick & Company, Incorporated by 3.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company's stock worth $58,806,000 after acquiring an additional 29,418 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of McCormick & Company, Incorporated by 3,178.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company's stock worth $2,211,000 after acquiring an additional 32,040 shares during the period. Savoir Faire Capital Management L.P. boosted its position in shares of McCormick & Company, Incorporated by 90.0% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company's stock valued at $7,916,000 after acquiring an additional 56,049 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $4,321,000. Institutional investors own 79.74% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on MKC shares. UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a "neutral" rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group boosted their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a "buy" rating in a research report on Tuesday, January 13th. Sanford C. Bernstein reiterated an "outperform" rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Stifel Nicolaus decreased their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a "hold" rating for the company in a research note on Friday, January 23rd. Finally, TD Cowen dropped their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.30.
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McCormick & Company, Incorporated Company Profile
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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.
Further Reading
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