CW Advisors LLC Buys Shares of 13,398 McCormick & Company, Incorporated $MKC

Key Points

• CW Advisors LLC has acquired a new stake in McCormick & Company, buying 13,398 shares valued at approximately $1,099,000.
• McCormick & Company has received mixed ratings from analysts, with price targets ranging from $76.00 to $84.25, reflecting a consensus of "Moderate Buy."
• The company reported $0.69 earnings per share last quarter, beating expectations, with annualized dividends at $1.80, yielding 2.5%.

CW Advisors LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,398 shares of the company's stock, valued at approximately $1,099,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC bought a new position in McCormick & Company, Incorporated during the first quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new position in McCormick & Company, Incorporated during the first quarter valued at about $28,000. Wayfinding Financial LLC bought a new position in McCormick & Company, Incorporated during the first quarter valued at about $30,000. Salem Investment Counselors Inc. grew its position in McCormick & Company, Incorporated by 610.9% during the first quarter. Salem Investment Counselors Inc. now owns 391 shares of the company's stock valued at $32,000 after buying an additional 336 shares during the period. Finally, Stonebridge Financial Group LLC grew its position in McCormick & Company, Incorporated by 101.0% during the first quarter. Stonebridge Financial Group LLC now owns 402 shares of the company's stock valued at $33,000 after buying an additional 202 shares during the period. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Trading Down 1.1%

Shares of NYSE MKC traded down $0.79 during mid-day trading on Thursday, hitting $69.90. The stock had a trading volume of 3,423,032 shares, compared to its average volume of 2,338,311. The firm has a market cap of $18.76 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 3.47 and a beta of 0.66. The business has a 50 day moving average price of $71.95 and a two-hundred day moving average price of $75.23. McCormick & Company, Incorporated has a 1 year low of $68.23 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, June 26th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.030-3.080 EPS. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, July 7th. McCormick & Company, Incorporated's payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MKC shares. JPMorgan Chase & Co. upgraded shares of McCormick & Company, Incorporated from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $69.00 to $83.00 in a research report on Wednesday, August 20th. Citigroup cut their target price on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating for the company in a research report on Tuesday, June 17th. UBS Group cut their target price on shares of McCormick & Company, Incorporated from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of "Moderate Buy" and a consensus target price of $84.25.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.