Mirae Asset Global Investments Co. Ltd. Makes New $4.87 Million Investment in McCormick & Company, Incorporated $MKC

Key Points

• Mirae Asset Global Investments opened a new McCormick position, buying 104,971 shares worth approximately $4.87 million in the third quarter.
• McCormick beat quarterly estimates, reporting adjusted earnings of $0.86 per share and revenue of $2.02 billion; revenue rose 17.4% year over year. The company’s FY2026 earnings guidance is $3.05–$3.13 per share.
• Analysts’ consensus rating is Hold, with an average price target of $55.30. McCormick also pays a quarterly dividend of $0.48, equivalent to a 3.8% yield at the article’s cited share price.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 104,971 shares of the company's stock, valued at approximately $4,871,000.

A number of other large investors have also modified their holdings of MKC. Aristotle Capital Management LLC raised its position in shares of McCormick & Company, Incorporated by 231.9% in the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock valued at $638,795,000 after buying an additional 8,848,235 shares during the last quarter. XXEC Inc. purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $154,566,000. ProShare Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 2.6% in the third quarter. ProShare Advisors LLC now owns 3,222,289 shares of the company's stock valued at $149,514,000 after purchasing an additional 82,353 shares in the last quarter. Amundi grew its position in shares of McCormick & Company, Incorporated by 72.5% in the first quarter. Amundi now owns 2,023,544 shares of the company's stock valued at $102,068,000 after purchasing an additional 850,343 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of McCormick & Company, Incorporated by 29.1% in the first quarter. Epoch Investment Partners Inc. now owns 939,542 shares of the company's stock valued at $47,390,000 after purchasing an additional 211,763 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $50.11 on Friday. 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 $13.48 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 2.13 and a beta of 0.66. The company's 50-day moving average is $48.61 and its two-hundred day moving average is $53.17. McCormick & Company, Incorporated has a 1-year low of $43.25 and a 1-year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly 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. The business had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. McCormick & Company, Incorporated had a net margin of 19.39% and a return on equity of 12.01%. The business's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio is presently 34.72%.

Analyst Ratings Changes

A number of equities analysts recently commented on MKC shares. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Friday, October 2nd. Sanford C. Bernstein restated an "outperform" rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Barclays cut their target price on McCormick & Company, Incorporated from $55.00 to $47.00 and set an "equal weight" rating for the company in a research note on Friday, October 2nd. Finally, UBS Group cut their target price 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. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of "Hold" and an average target price of $55.30.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm's stock in a transaction on Monday, August 10th. The stock was 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 of the company's stock, valued at $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by company insiders.

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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