McCormick & Company, Incorporated $MKC Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its McCormick stake by 71.9% in the second quarter, purchasing 25,922 additional shares and holding 61,954 shares valued at approximately $3.12 million. Institutional investors collectively own 79.74% of MKC.
• McCormick reported quarterly EPS of $0.80, beating the $0.69 consensus estimate, while revenue rose 16.7% year over year to $1.94 billion. The company issued full-year 2026 EPS guidance of $3.05–$3.13.
• MKC shares opened at $49.83, and analysts have a consensus “Hold” rating with an average price target of $60. The company pays a quarterly dividend of $0.48 per share, equivalent to a 3.9% yield.

Tidal Investments LLC boosted its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 71.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,954 shares of the company's stock after buying an additional 25,922 shares during the quarter. Tidal Investments LLC's holdings in McCormick & Company, Incorporated were worth $3,124,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MKC. Deseret Mutual Benefit Administrators boosted its stake in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company's stock worth $28,000 after acquiring an additional 164 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in McCormick & Company, Incorporated by 42.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company's stock worth $39,000 after purchasing an additional 170 shares during the last quarter. Mathes Company Inc. grew its holdings in shares of McCormick & Company, Incorporated by 0.7% during the fourth quarter. Mathes Company Inc. now owns 26,911 shares of the company's stock worth $1,833,000 after buying an additional 200 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of McCormick & Company, Incorporated by 1.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,632 shares of the company's stock worth $792,000 after buying an additional 200 shares in the last quarter. Finally, Minot DeBlois Advisors LLC raised its position in shares of McCormick & Company, Incorporated by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 12,921 shares of the company's stock valued at $880,000 after buying an additional 231 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction that occurred 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 approximately $15,648,508.48. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.60% of the company's stock.

McCormick & Company, Incorporated Trading Down 1.1%

Shares of MKC opened at $49.83 on Wednesday. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.41. The firm has a market capitalization of $13.40 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.98 and a beta of 0.64. The firm has a 50-day moving average price of $52.76 and a 200 day moving average price of $52.17. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. McCormick & Company, Incorporated's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts forecast that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated's payout ratio is presently 31.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MKC shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Jefferies Financial Group lowered their target price 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. Weiss Ratings upgraded McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 5th. Sanford C. Bernstein dropped their price target on 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, JPMorgan Chase & Co. reduced their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, June 12th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $60.00.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated NYSE: MKC is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company's consumer brands include McCormick, French's, Frank's RedHot, Lawry's, Old Bay and Gourmet Garden, among others.

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