Investors Research Corp Acquires Shares of 22,850 McCormick & Company, Incorporated $MKC

Key Points

• Investors Research Corp acquired 22,850 McCormick shares worth approximately $1.15 million during the second quarter. Institutional investors collectively own 79.74% of the company.
• Analyst sentiment remains mixed, with six Buy ratings and seven Hold ratings. The consensus price target is $60.50, compared with the stock’s reported opening price of $52.94.
• McCormick exceeded quarterly expectations, reporting $0.80 in earnings per share and $1.94 billion in revenue, while revenue increased 16.7% year over year. The company also pays a quarterly dividend of $0.48 per share, yielding about 3.6% annually.

Investors Research Corp bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,850 shares of the company's stock, valued at approximately $1,152,000.

Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators lifted its stake in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company's stock worth $28,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in McCormick & Company, Incorporated during the 4th quarter valued at about $28,000. Byrne Asset Management LLC acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $30,000. Zions Bancorporation National Association UT raised its holdings in McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company's stock valued at $31,000 after acquiring an additional 357 shares during the last quarter. Finally, Union Savings Bank purchased a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

Wall Street Analyst Weigh In

MKC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, June 26th. BTIG Research started coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a "neutral" rating on the stock. Weiss Ratings raised McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 5th. TD Cowen dropped their target price 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. Finally, Barclays cut their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $60.50.

McCormick & Company, Incorporated Stock Down 0.4%

Shares of NYSE MKC opened at $52.94 on Wednesday. The company has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $54.46. The company has a market capitalization of $14.23 billion, a P/E ratio of 8.81, a P/E/G ratio of 2.66 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $72.58.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.69 by $0.11. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous 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 research analysts predict that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders 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 dividend yield of 3.6%. McCormick & Company, Incorporated's dividend payout ratio is currently 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.

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