B. Metzler seel. Sohn & Co. AG Raises Stock Holdings in McCormick & Company, Incorporated $MKC

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 261.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,902 shares of the company's stock after acquiring an additional 41,149 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in McCormick & Company, Incorporated were worth $2,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $25,000. Deseret Mutual Benefit Administrators grew its position in shares of McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company's stock valued at $28,000 after acquiring an additional 164 shares during the period. Motiv8 Investments LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $28,000. Byrne Asset Management LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth approximately $30,000. Finally, Zions Bancorporation National Association UT increased its stake in shares of McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company's stock worth $31,000 after purchasing an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the transaction, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, June 12th. Sanford C. Bernstein decreased their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a research report on Friday, June 26th. Barclays lowered 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 note on Friday, June 26th. TD Cowen cut their price target on McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, June 26th. Finally, Weiss Ratings raised McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $60.50.

McCormick & Company, Incorporated Stock Down 0.9%

MKC stock opened at $52.11 on Friday. The company's 50 day moving average is $52.92 and its 200 day moving average is $53.20. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.69 earnings per share. McCormick & Company, Incorporated's revenue for the quarter was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.08 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 annualized dividend and a yield of 3.7%. McCormick & Company, Incorporated's payout ratio is 31.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source