McCormick & Company, Incorporated $MKC Stock: Sumitomo Mitsui DS Asset Management Company Ltd Lowers Holdings

Key Points

• Sumitomo Mitsui DS Asset Management cut its McCormick holdings by 43.6% in the third quarter, selling 29,728 shares and retaining 38,470 shares worth approximately $1.785 million. Institutional investors and hedge funds collectively own 79.74% of MKC.
• McCormick reported quarterly EPS of $0.86, beating estimates of $0.76, while revenue rose 17.4% year over year to $2.02 billion. The company issued fiscal 2026 EPS guidance of $3.05–$3.13 and announced a quarterly dividend of $0.48, equivalent to a 4.0% annualized yield.
• MKC traded near $48.10, with analysts holding a consensus “Hold” rating and an average target price of $55.30. Recent targets ranged from $47 to $62, reflecting mixed but generally cautious views.

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 43.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,470 shares of the company's stock after selling 29,728 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in McCormick & Company, Incorporated were worth $1,785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MKC. CFS Investment Advisory Services LLC boosted its position in shares of McCormick & Company, Incorporated by 2.8% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company's stock worth $369,000 after acquiring an additional 224 shares in the last quarter. Dorato Capital Management increased its holdings 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 valued at $208,000 after acquiring an additional 235 shares during the last quarter. CoreCap Advisors LLC raised its position 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 acquiring an additional 245 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of McCormick & Company, Incorporated by 3.6% during the 2nd quarter. QRG Capital Management Inc. now owns 8,302 shares of the company's stock worth $419,000 after acquiring an additional 292 shares in the last quarter. Finally, Empirical Finance LLC raised its position in shares of McCormick & Company, Incorporated by 3.4% during the 2nd quarter. Empirical Finance LLC now owns 8,886 shares of the company's stock worth $448,000 after acquiring an additional 293 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded down $0.61 on Friday, reaching $48.10. The stock had a trading volume of 3,044,909 shares, compared to its average volume of 4,515,923. The stock has a market cap of $12.94 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. McCormick & Company, Incorporated has a 12-month low of $43.25 and a 12-month high of $72.41. The business's 50-day moving average price is $49.83 and its 200 day moving average price is $50.05. 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 released its quarterly earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm 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%. McCormick & Company, Incorporated's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen restated a "hold" rating and set a $48.00 target price (down from $55.00) on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $59.00 price target on shares of McCormick & Company, Incorporated in a research note on Friday, October 2nd. 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. 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 research report on Monday, September 21st. Finally, Barclays reduced their price objective on shares of McCormick & Company, Incorporated from $55.00 to $47.00 and set an "equal weight" rating for the company in a research report on Friday, October 2nd. Five investment 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 company currently has an average rating of "Hold" and a consensus target price of $55.30.

Insider Activity at McCormick & Company, Incorporated

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 transaction of $10,829,797.22. Following the completion of the sale, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.60% of the company's stock.

McCormick & Company, Incorporated Company Profile

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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