McCormick & Company, Incorporated $MKC Holdings Raised by Sei Investments Co.

Key Points

• Sei Investments increased its McCormick stake by 86.5% in the first quarter, adding 375,471 shares for a total holding of 809,720 shares valued at approximately $40.8 million. Institutional investors collectively own 79.74% of MKC.
• Analyst sentiment is mixed, with six Buy, six Hold and one Sell rating. The stock has an average rating of Hold and an average price target of $60.50, while several firms recently lowered their targets.
• McCormick exceeded quarterly expectations with EPS of $0.80 versus a $0.69 estimate and revenue of $1.94 billion, up 16.7% year over year. The company also maintains a quarterly dividend of $0.48, equivalent to a 3.8% annual yield.

Sei Investments Co. raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 86.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 809,720 shares of the company's stock after buying an additional 375,471 shares during the period. Sei Investments Co. owned about 0.30% of McCormick & Company, Incorporated worth $40,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in McCormick & Company, Incorporated by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company's stock valued at $2,225,828,000 after purchasing an additional 314,252 shares during the last quarter. State Street Corp increased its position in McCormick & Company, Incorporated by 5.1% in the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company's stock worth $1,038,632,000 after purchasing an additional 747,844 shares during the last quarter. Geode Capital Management LLC increased its position in McCormick & Company, Incorporated by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company's stock worth $441,571,000 after purchasing an additional 59,587 shares during the last quarter. Invesco Ltd. raised its stake in shares of McCormick & Company, Incorporated by 3.1% during the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company's stock worth $437,467,000 after purchasing an additional 190,607 shares in the last quarter. Finally, Aristotle Capital Management LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth about $259,918,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MKC shares. TD Cowen lowered their price target on McCormick & Company, Incorporated from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, June 26th. Zacks Research raised shares of McCormick & Company, Incorporated from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 7th. Stifel Nicolaus reduced their target price on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a "hold" rating for the company in a research note on Wednesday, April 1st. Weiss Ratings downgraded shares of McCormick & Company, Incorporated from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, June 12th. Finally, BNP Paribas Exane cut their price target on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.50.

McCormick & Company, Incorporated Stock Performance

MKC opened at $49.99 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. The company has a market cap of $13.44 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The stock has a 50-day moving average of $49.31 and a 200-day moving average of $55.74. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted 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. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period 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. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were paid a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a yield of 3.8%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 31.95%.

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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