Waverly Advisors LLC Boosts Holdings in McCormick & Company, Incorporated $MKC

Waverly Advisors LLC lifted its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 9.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,383 shares of the company's stock after buying an additional 20,563 shares during the quarter. Waverly Advisors LLC owned approximately 0.09% of McCormick & Company, Incorporated worth $12,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of McCormick & Company, Incorporated by 4,040.2% during the 2nd quarter. California State Teachers Retirement System now owns 22,290,279 shares of the company's stock valued at $1,123,876,000 after buying an additional 21,751,887 shares in the last quarter. State Street Corp increased its holdings in McCormick & Company, Incorporated by 5.1% in the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company's stock worth $1,038,632,000 after acquiring an additional 747,844 shares in the last quarter. Aristotle Capital Management LLC raised its position in McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock worth $638,795,000 after acquiring an additional 8,848,235 shares during the period. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the second quarter worth $154,566,000. Finally, Geode Capital Management LLC lifted its holdings in McCormick & Company, Incorporated by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company's stock valued at $441,571,000 after purchasing an additional 59,587 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 296,992 shares of the company's stock, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.60% of the stock is owned by company insiders.

McCormick & Company, Incorporated Stock Down 0.9%

McCormick & Company, Incorporated stock opened at $51.43 on Thursday. The company has a market capitalization of $13.83 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $72.41. The firm has a 50 day moving average price of $52.92 and a 200 day moving average price of $52.70.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. 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 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. McCormick & Company, Incorporated's payout ratio is presently 31.95%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lowered their price target on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Friday, June 26th. Jefferies Financial Group decreased their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Sanford C. Bernstein dropped their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a report on Friday, June 26th. Finally, UBS Group increased their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.50.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated NYSE: MKC is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick's product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.

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