Jacobs & Co. CA Sells 35,333 Shares of McCormick & Company, Incorporated $MKC

Key Points

• Jacobs & Co. CA cut its McCormick stake by 39.9% in the second quarter, selling 35,333 shares and retaining 53,148 shares valued at approximately $2.68 million.
• McCormick reported quarterly EPS of $0.80, beating estimates of $0.69, while revenue rose 16.7% year over year to $1.94 billion. The company set fiscal 2026 EPS guidance at $3.05–$3.13.
• The stock opened at $52.94, and analysts’ consensus rating was “Hold” with an average price target of $60.50. McCormick also paid a quarterly dividend of $0.48 per share, equating to a 3.6% annualized yield.

Jacobs & Co. CA reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 39.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,148 shares of the company's stock after selling 35,333 shares during the quarter. Jacobs & Co. CA's holdings in McCormick & Company, Incorporated were worth $2,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aristotle Capital Management LLC grew its holdings in shares of McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock worth $638,795,000 after purchasing an additional 8,848,235 shares during the last quarter. Invesco Ltd. increased its stake in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company's stock valued at $417,006,000 after buying an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company's stock valued at $187,183,000 after buying an additional 1,124,003 shares during the last quarter. Diamant Asset Management Inc. raised its holdings in shares of McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company's stock valued at $52,792,000 after buying an additional 1,025,480 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth about $64,522,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $52.94 on Friday. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $72.58. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $14.23 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64. The business's fifty day moving average is $50.22 and its 200-day moving average is $54.74.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm's quarterly 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. Equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated's dividend payout ratio is presently 31.95%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of 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. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, June 26th. Barclays lowered their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, June 26th. 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 report on Friday, June 26th. Finally, BTIG Research initiated coverage on McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a "neutral" rating on the stock. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.50.

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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