McCormick & Company, Incorporated $MKC Stake Cut by Mather Group LLC.

Key Points

• Mather Group LLC cut its McCormick stake by 89.7% in the third quarter, selling 46,357 shares and retaining 5,316 shares valued at approximately $247,000. Institutional investors collectively own 79.74% of MKC.
• McCormick reported quarterly EPS of $0.86, beating estimates by $0.10, while revenue rose 17.4% year over year to $2.02 billion. The company maintained fiscal 2026 EPS guidance of $3.05–$3.13.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 4.2% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $55.30.

Mather Group LLC. decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 89.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,316 shares of the company's stock after selling 46,357 shares during the period. Mather Group LLC.'s holdings in McCormick & Company, Incorporated were worth $247,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.60% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Price Performance

MKC opened at $45.87 on Tuesday. The business's 50-day moving average is $50.32 and its two-hundred day moving average is $50.08. McCormick & Company, Incorporated has a 1 year low of $43.25 and a 1 year high of $72.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.66 and a quick ratio of 0.33. The firm has a market capitalization of $12.34 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.65.

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

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.2%. McCormick & Company, Incorporated's payout ratio is presently 34.72%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating on the stock in a report on Friday, September 18th. Sanford C. Bernstein restated an "outperform" rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating for the company in a report on Monday, September 21st. TD Cowen reaffirmed a "hold" rating and set a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Finally, Barclays dropped their target price on McCormick & Company, Incorporated from $55.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $55.30.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French's, Frank's RedHot, Lawry's, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.

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