Dearborn Partners LLC Lowers Stock Holdings in McCormick & Company, Incorporated $MKC

Dearborn Partners LLC reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,437 shares of the company's stock after selling 37,110 shares during the quarter. Dearborn Partners LLC owned approximately 0.12% of McCormick & Company, Incorporated worth $16,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MKC. Public Employees Retirement System of Ohio acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter worth approximately $3,659,000. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the second quarter worth approximately $1,196,000. Parvin Asset Management LLC acquired a new position in McCormick & Company, Incorporated during the second quarter worth approximately $25,000. Magnolia Capital Advisors LLC acquired a new position in McCormick & Company, Incorporated during the second quarter worth approximately $4,461,000. Finally, Ancora Advisors LLC purchased a new position in McCormick & Company, Incorporated during the second quarter worth approximately $34,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MKC. TD Cowen dropped their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, June 26th. Barclays reduced their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, June 26th. Jefferies Financial Group lowered their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, June 4th. Weiss Ratings upgraded McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 5th. Finally, UBS Group raised their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $60.50.

McCormick & Company, Incorporated Stock Down 1.0%

Shares of NYSE MKC opened at $54.53 on Friday. The stock has a fifty day moving average price of $52.20 and a 200 day moving average price of $53.77. 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 12-month low of $44.82 and a 12-month high of $72.41. The company has a market cap of $14.66 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.80 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company's revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts anticipate that McCormick & Company, Incorporated will post 3.08 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 20th. Shareholders of record on Monday, July 6th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated's dividend payout ratio is currently 31.95%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the 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 owned 296,992 shares of the company's stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by corporate insiders.

About McCormick & Company, Incorporated

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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