Key Points
- Major shareholder Lawrence Erik Kurzius sold 205,538 MKC shares at an average price of $52.69, generating approximately $10.83 million. The sale reduced his direct ownership by 40.9% to 296,992 shares.
- McCormick reported quarterly EPS of $0.80, beating estimates by $0.11, while revenue rose 16.7% year over year to $1.94 billion. The company reaffirmed fiscal 2026 EPS guidance of $3.05 to $3.13.
- The company pays a quarterly dividend of $0.48, equivalent to $1.92 annually and a yield of about 3.6%. Analysts collectively rate the stock “Hold,” with an average price target of $60.50 versus its reported price near $52.92.
McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) major shareholder Lawrence Erik Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares of the company's stock, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
McCormick & Company, Incorporated Price Performance
NYSE:MKC opened at $52.92 on Thursday. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.58. The company has a market cap of $14.23 billion, a P/E ratio of 8.81, a P/E/G ratio of 2.65 and a beta of 0.64. The firm's fifty day moving average price is $50.61 and its two-hundred day moving average price is $54.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.
McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company's revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.
McCormick & Company, Incorporated Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated's dividend payout ratio is currently 31.95%.
Institutional Trading of McCormick & Company, Incorporated
Several hedge funds and other institutional investors have recently bought and sold shares of MKC. Deseret Mutual Benefit Administrators boosted its holdings in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company's stock valued at $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $28,000. Byrne Asset Management LLC bought a new position in shares of McCormick & Company, Incorporated during the second quarter worth approximately $30,000. Zions Bancorporation National Association UT raised its position 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 buying an additional 357 shares in 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. Institutional investors and hedge funds own 79.74% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on MKC shares. Sanford C. Bernstein reduced their price objective on McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a report on Friday, June 26th. Weiss Ratings upgraded McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $64.00 to $63.00 and set an "overweight" rating for the company in a report on Friday, June 12th. Jefferies Financial Group reduced their price target on 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. Finally, UBS Group boosted their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Six 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 company currently has an average rating of "Hold" and an average price target of $60.50.
Check Out Our Latest Stock Analysis on McCormick & Company, Incorporated
About McCormick & Company, Incorporated
(
Get Free Report)
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.
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