230,495 Shares in McCormick & Company, Incorporated $MKC Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors acquired 230,495 McCormick shares in the third quarter, worth about $10.7 million; institutional investors collectively own 79.74% of the company.
• McCormick reported quarterly EPS of $0.86, topping the $0.76 consensus, while revenue rose 17.4% year over year to $2.02 billion. The company projected FY 2026 EPS of $3.05–$3.13.
• Analysts have a consensus “Hold” rating and a $55.30 price target; shares opened at $48.42. McCormick’s quarterly dividend equates to a 4.0% annualized yield.

Alps Advisors Inc. acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 230,495 shares of the company's stock, valued at approximately $10,695,000. Alps Advisors Inc. owned 0.09% of McCormick & Company, Incorporated at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MKC. Aristotle Capital Management LLC lifted its position in McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock valued at $638,795,000 after buying an additional 8,848,235 shares during the period. XXEC Inc. bought a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $154,566,000. ProShare Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 2.6% in the 3rd quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company's stock worth $149,514,000 after acquiring an additional 82,353 shares in the last quarter. Amundi lifted its position in McCormick & Company, Incorporated by 72.5% during the 1st quarter. Amundi now owns 2,023,544 shares of the company's stock valued at $102,068,000 after acquiring an additional 850,343 shares during the period. Finally, Vest Financial LLC lifted its position in McCormick & Company, Incorporated by 0.8% during the 3rd quarter. Vest Financial LLC now owns 941,999 shares of the company's stock valued at $43,709,000 after acquiring an additional 7,823 shares during the period. 79.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MKC has been the subject of a number of recent research reports. BNP Paribas Exane cut their price target on McCormick & Company, Incorporated from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $59.00 price objective on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. UBS Group dropped their price objective on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a "neutral" rating on the stock in a report on Friday, October 2nd. TD Cowen restated a "hold" rating and set a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Finally, Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $55.30.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC opened at $48.42 on Friday. The firm has a fifty day simple moving average of $48.49 and a two-hundred day simple moving average of $53.07. McCormick & Company, Incorporated has a 52 week low of $43.25 and a 52 week high of $72.41. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $13.03 billion, a P/E ratio of 8.76, a PEG ratio of 2.04 and a beta of 0.66.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 34.72%.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets and distributes spices, herbs, seasonings, condiments and other flavor products. Its offerings include individual spices and herbs, seasoning blends, extracts, sauces and hot sauces sold under brands such as McCormick, French's, Frank's RedHot, OLD BAY and Cholula.

The company serves consumers through retail stores and e-commerce, and supplies flavor products and solutions to food service businesses and food and beverage manufacturers.

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