Rockland Trust Co. Acquires 22,991 Shares of McCormick & Company, Incorporated $MKC

Key Points

• Rockland Trust increased its McCormick stake by 6.2% in the third quarter, adding 22,991 shares to hold 393,414 shares valued at approximately $18.25 million. Institutional investors collectively own 79.74% of the company.
• McCormick reported quarterly earnings of $0.86 per share, exceeding estimates of $0.76, while revenue rose 17.4% year over year to $2.02 billion. The company maintained fiscal 2026 EPS guidance of $3.05 to $3.13.
• The company declared a quarterly dividend of $0.48 per share, equivalent to an annualized yield of about 4.3%. Analysts have a consensus “Hold” rating, with an average price target of $55.30 versus the reported share price of $44.74.

Rockland Trust Co. raised its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,414 shares of the company's stock after acquiring an additional 22,991 shares during the period. Rockland Trust Co. owned 0.15% of McCormick & Company, Incorporated worth $18,254,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MKC. Parvin Asset Management LLC bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth approximately $25,000. Union Savings Bank bought a new position in McCormick & Company, Incorporated during the 4th quarter worth $36,000. Glen Eagle Advisors LLC increased its position in McCormick & Company, Incorporated by 42.5% in the fourth quarter. Glen Eagle Advisors LLC now owns 570 shares of the company's stock worth $39,000 after buying an additional 170 shares during the period. Byrne Asset Management LLC acquired a new stake in McCormick & Company, Incorporated in the second quarter worth $30,000. Finally, Ancora Advisors LLC bought a new stake in McCormick & Company, Incorporated in the second quarter valued at $34,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded up $0.07 on Monday, hitting $44.74. The company had a trading volume of 1,324,459 shares, compared to its average volume of 3,969,614. McCormick & Company, Incorporated has a 52 week low of $43.25 and a 52 week 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 company has a market cap of $12.03 billion, a PE ratio of 8.10, a PEG ratio of 1.80 and a beta of 0.65. The business has a 50-day simple moving average of $51.73 and a 200-day simple moving average of $50.69.

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 the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%.The firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts expect that McCormick & Company, Incorporated will post 3.08 EPS 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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated's payout ratio is currently 34.72%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 296,992 shares in the company, valued at $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 SEC, which is available through this link. 10.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on MKC. Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Friday. Sanford C. Bernstein restated an "outperform" rating and issued a $59.00 target price on shares of McCormick & Company, Incorporated in a research report on Friday. BNP Paribas Exane dropped their price target on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their price target on McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, September 21st. Finally, JPMorgan Chase & Co. reduced their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average price target of $55.30.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.

Its portfolio includes the McCormick, French's, Frank's RedHot, Lawry's, OLD BAY, Zatarain's, Grill Mates and Cholula brands, among others.

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