Live Oak Private Wealth LLC Makes New $6.72 Million Investment in McCormick & Company, Incorporated $MKC

Key Points

• Live Oak Private Wealth acquired 133,195 shares of McCormick, valued at approximately $6.72 million, while institutional investors overall own 79.74% of the company.
• McCormick exceeded quarterly expectations, reporting $0.80 in EPS and $1.94 billion in revenue, up 16.7% year over year. The company maintained fiscal 2026 EPS guidance of $3.05–$3.13.
• Analysts have a consensus “Hold” rating and an average price target of $60.50, compared with shares trading around $54.36. McCormick also pays a quarterly dividend of $0.48, implying a 3.5% annual yield.

Live Oak Private Wealth LLC 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 133,195 shares of the company's stock, valued at approximately $6,716,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aristotle Capital Management LLC lifted its position in McCormick & Company, Incorporated by 231.9% during the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock worth $638,795,000 after buying an additional 8,848,235 shares in the last quarter. XXEC Inc. acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $154,566,000. Invesco Ltd. increased its position in McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company's stock valued at $417,006,000 after acquiring an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP raised its stake 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 worth $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its stake 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 worth $52,792,000 after acquiring an additional 1,025,480 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 205,538 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Stock Up 0.3%

Shares of NYSE:MKC opened at $54.36 on Wednesday. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.41. The company has a 50 day moving average of $52.69 and a 200-day moving average of $53.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 2.76 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. McCormick & Company, Incorporated's revenue for the quarter 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. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.5%. McCormick & Company, Incorporated's dividend payout ratio is 31.95%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MKC. TD Cowen lowered their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, June 26th. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, June 4th. Barclays decreased their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lifted their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Finally, UBS Group boosted their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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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