Amundi Purchases 850,343 Shares of McCormick & Company, Incorporated $MKC

Amundi increased its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 72.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,023,544 shares of the company's stock after purchasing an additional 850,343 shares during the period. Amundi owned approximately 0.75% of McCormick & Company, Incorporated worth $102,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company's stock worth $2,225,828,000 after buying an additional 314,252 shares in the last quarter. State Street Corp raised its position in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company's stock valued at $1,038,632,000 after buying an additional 747,844 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 231.9% in the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock valued at $638,795,000 after acquiring an additional 8,848,235 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company's stock valued at $441,571,000 after acquiring an additional 59,587 shares during the last quarter. Finally, Invesco Ltd. grew its position in McCormick & Company, Incorporated by 3.1% in the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company's stock worth $437,467,000 after acquiring an additional 190,607 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. BTIG Research began coverage on McCormick & Company, Incorporated in a report on Tuesday, April 14th. They issued a "neutral" rating for the company. Barclays cut their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Friday, June 26th. Zacks Research upgraded McCormick & Company, Incorporated from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Finally, Sanford C. Bernstein dropped their price objective on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.50.

McCormick & Company, Incorporated Trading Up 0.1%

MKC opened at $51.03 on Friday. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 2.55 and a beta of 0.63. The stock's 50 day moving average price is $49.72 and its 200-day moving average price is $55.28. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.58. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 31.95%.

McCormick & Company, Incorporated Company 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.

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