Sound Income Strategies LLC Buys 112,319 Shares of McCormick & Company, Incorporated $MKC

Key Points

• Sound Income Strategies initiated a McCormick stake by purchasing 112,319 shares valued at approximately $5.16 million. Institutional investors collectively own 79.74% of MKC.
• McCormick reported quarterly EPS of $0.86, 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–$3.13.
• The company declared a quarterly dividend of $0.48 per share, representing a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $55.30, compared with a recent share price of $44.78.

Sound Income Strategies LLC purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 112,319 shares of the company's stock, valued at approximately $5,160,000.

Several other institutional investors have also recently made changes to their positions in MKC. Glen Eagle Advisors LLC grew its stake in shares of McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company's stock valued at $39,000 after buying an additional 170 shares during the period. Minot DeBlois Advisors LLC increased its position in McCormick & Company, Incorporated by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 12,921 shares of the company's stock valued at $880,000 after buying an additional 231 shares in the last quarter. Dorato Capital Management raised its stake in McCormick & Company, Incorporated by 5.4% during the 3rd quarter. Dorato Capital Management now owns 4,588 shares of the company's stock worth $208,000 after buying an additional 235 shares during the period. CoreCap Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 16.4% in the third 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. Finally, QRG Capital Management Inc. boosted its holdings in McCormick & Company, Incorporated by 3.6% in the second 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. Institutional investors and hedge funds own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded down $1.16 during trading hours on Friday, reaching $44.78. 3,365,341 shares of the company were exchanged, compared to its average volume of 3,995,343. McCormick & Company, Incorporated has a 1 year low of $43.25 and a 1 year high of $72.41. The business's 50 day simple moving average is $51.15 and its 200-day simple moving average is $50.39. The company has a quick ratio of 0.33, a current ratio of 0.66 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $12.04 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.91 and a beta of 0.65.

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

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated's dividend payout ratio is 34.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKC shares. Stifel Nicolaus decreased their price objective 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. Sanford C. Bernstein reissued an "outperform" rating and set a $59.00 target price on shares of McCormick & Company, Incorporated in a research report on Friday, October 2nd. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, August 5th. 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 report on Friday, October 2nd. Finally, Barclays cut their price target 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. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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 value of $10,829,797.22. Following the completion of the sale, the insider directly 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 filing with the SEC, which is available through this link. 10.60% of the stock is owned by corporate insiders.

About McCormick & Company, Incorporated

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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