McCormick & Company, Incorporated $MKC Shares Newly Bought by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management opened a new McCormick position, buying 73,687 shares worth about $3.42 million in the third quarter. Institutional investors collectively own 79.74% of the stock.
• McCormick beat quarterly estimates, reporting EPS of $0.86 versus $0.76 expected and revenue of $2.02 billion, up 17.4% year over year. The company set fiscal 2026 EPS guidance of $3.05–$3.13.
• The company’s quarterly dividend of $0.48 per share equates to an annualized yield of about 4.0%. Analysts’ consensus rating is “Hold,” with an average price target of $55.30.

Hohimer Wealth Management LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 73,687 shares of the company's stock, valued at approximately $3,419,000.

Several other institutional investors also recently made changes to their positions in the stock. M Holdings Securities Inc. bought a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at approximately $268,000. Brighton Jones LLC boosted its position in shares of McCormick & Company, Incorporated by 8.0% during the third quarter. Brighton Jones LLC now owns 20,331 shares of the company's stock worth $943,000 after buying an additional 1,508 shares during the period. Ethic Inc. grew its holdings in McCormick & Company, Incorporated by 1.0% in the 3rd quarter. Ethic Inc. now owns 74,206 shares of the company's stock worth $3,443,000 after buying an additional 749 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth approximately $232,000. Finally, Leelyn Smith LLC grew its holdings in McCormick & Company, Incorporated by 1.6% in the 3rd quarter. Leelyn Smith LLC now owns 63,273 shares of the company's stock worth $2,936,000 after buying an additional 994 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $48.42 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. McCormick & Company, Incorporated has a one year low of $43.25 and a one year high of $72.41. The business's 50-day moving average price is $48.49 and its two-hundred day moving average price is $53.07. The company has a market capitalization of $13.03 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.66.

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

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio is presently 34.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MKC shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating for the company in a report on Monday, September 21st. UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday, October 2nd. Stifel Nicolaus dropped their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Friday, October 2nd. TD Cowen reaffirmed a "hold" rating and issued a $48.00 price target (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a report on Friday, September 18th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of "Hold" and an average price target of $55.30.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets and distributes spices, herbs, seasonings, condiments and other flavor products. Its offerings include individual spices and herbs, seasoning blends, extracts, sauces and hot sauces sold under brands such as McCormick, French's, Frank's RedHot, OLD BAY and Cholula.

The company serves consumers through retail stores and e-commerce, and supplies flavor products and solutions to food service businesses and food and beverage manufacturers.

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