McCormick & Company, Incorporated $MKC Shares Acquired by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors increased its McCormick stake by 233.4% in the third quarter, bringing its holdings to 38,718 shares valued at approximately $1.8 million. Institutional investors collectively own 79.74% of the company.
• McCormick reported quarterly adjusted earnings of $0.86 per share and revenue of $2.02 billion, beating analyst estimates, while revenue grew 17.4% year over year. The company set fiscal 2026 EPS guidance at $3.05–$3.13.
• Analysts maintain a consensus “Hold” rating with a $55.30 price target, despite several Buy or Outperform ratings. McCormick also declared a $0.48 quarterly dividend, implying a 4.1% annualized yield.

1834 Investment Advisors Co. increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 233.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,718 shares of the company's stock after purchasing an additional 27,106 shares during the quarter. 1834 Investment Advisors Co.'s holdings in McCormick & Company, Incorporated were worth $1,797,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Dorato Capital Management lifted its position in McCormick & Company, Incorporated by 5.4% during the 3rd quarter. Dorato Capital Management now owns 4,588 shares of the company's stock worth $208,000 after buying an additional 235 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of McCormick & Company, Incorporated by 16.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,738 shares of the company's stock worth $81,000 after buying an additional 245 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of McCormick & Company, Incorporated by 3.6% in the 2nd quarter. QRG Capital Management Inc. now owns 8,302 shares of the company's stock valued at $419,000 after acquiring an additional 292 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of McCormick & Company, Incorporated by 3.4% in the 2nd quarter. Empirical Finance LLC now owns 8,886 shares of the company's stock valued at $448,000 after acquiring an additional 293 shares in the last quarter. Finally, Eastern Bank grew its holdings in shares of McCormick & Company, Incorporated by 39.6% in the 3rd quarter. Eastern Bank now owns 1,057 shares of the company's stock valued at $49,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 79.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MKC shares. BNP Paribas Exane lowered their target price on McCormick & Company, Incorporated from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, October 2nd. Sanford C. Bernstein reissued an "outperform" rating and set a $59.00 price target on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. UBS Group decreased their price target on McCormick & Company, Incorporated from $52.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Monday, September 21st. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $55.30.

McCormick & Company, Incorporated Stock Up 1.6%

Shares of MKC stock opened at $46.44 on Friday. McCormick & Company, Incorporated has a 52-week low of $43.25 and a 52-week high of $72.41. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 1.96 and a beta of 0.65. The firm's 50-day moving average is $50.46 and its 200-day moving average is $50.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $0.85 EPS. McCormick & Company, Incorporated's revenue was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated's payout ratio is 34.72%.

Insider Buying and Selling

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

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French's, Frank's RedHot, Lawry's, OLD BAY, Zatarain's, Grill Mates and Cholula brands, among others.

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