Robeco Institutional Asset Management B.V. Purchases 35,219 Shares of McCormick & Company, Incorporated $MKC

Key Points

• Robeco Institutional Asset Management increased its McCormick position by 138.7% in the third quarter, purchasing 35,219 shares and bringing its holdings to 60,607 shares valued at approximately $2.8 million.
• Analyst sentiment remains cautious: McCormick has an average “Hold” rating and a consensus price target of $55.30, while several firms recently lowered their targets.
• McCormick reported quarterly EPS of $0.86, beating estimates, with revenue rising 17.4% year over year to $2.02 billion. The company also declared a $0.48 quarterly dividend, equivalent to a 4.0% yield.

Robeco Institutional Asset Management B.V. grew its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 138.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,607 shares of the company's stock after buying an additional 35,219 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in McCormick & Company, Incorporated were worth $2,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aristotle Capital Management LLC raised its position in shares of McCormick & Company, Incorporated by 231.9% during the 1st 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 period. XXEC Inc. acquired a new position in McCormick & Company, Incorporated in the second quarter valued at approximately $154,566,000. Diamant Asset Management Inc. grew its position in McCormick & Company, Incorporated by 4,848.6% in the first quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company's stock worth $52,792,000 after acquiring an additional 1,025,480 shares during the period. Amundi grew its position in McCormick & Company, Incorporated by 72.5% in the first quarter. Amundi now owns 2,023,544 shares of the company's stock worth $102,068,000 after acquiring an additional 850,343 shares during the period. Finally, Deprince Race & Zollo Inc. grew its position in McCormick & Company, Incorporated by 330.3% in the first quarter. Deprince Race & Zollo Inc. now owns 694,914 shares of the company's stock worth $35,051,000 after acquiring an additional 533,437 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings raised McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday. UBS Group reduced their target price on McCormick & Company, Incorporated from $52.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. Barclays decreased their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Friday, October 2nd. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating for the company in a report on Friday, October 2nd. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $59.00 price target on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.30.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $48.10 on Monday. The company has a market cap of $12.94 billion, a P/E ratio of 8.70, a P/E/G ratio of 2.03 and a beta of 0.65. 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 stock has a 50-day moving average of $49.83 and a two-hundred day moving average of $50.04. 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 issued its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a 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%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the 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 sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.60% of the stock is currently owned by insiders.

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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