Rep. Julie Johnson Sells McCormick & Company, Incorporated (NYSE:MKC) Shares

Key Points

• Representative Julie Johnson (D-Texas) sold shares of McCormick & Company, Incorporated (NYSE:MKC) for between $1,001 and $15,000 on September 25th, as disclosed in a filing on October 7th.
• McCormick recently reported $1.72 billion in revenue for the quarter, surpassing analyst expectations and achieving an earnings per share of $0.85.
• The company announced a quarterly dividend of $0.45 per share, payable on October 27th, which reflects an annualized yield of 2.7%.

Representative Julie Johnson (D-Texas) recently sold shares of McCormick & Company, Incorporated NYSE: MKC. In a filing disclosed on October 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in McCormick & Company, Incorporated stock on September 25th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Ameren NYSE: AEE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 9/25/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Monster Beverage NASDAQ: MNST on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Molson Coors Beverage NYSE: TAP on 9/25/2025.
• Sold $1,001 - $15,000 in shares of LyondellBasell Industries NYSE: LYB on 9/25/2025.
• Sold $1,001 - $15,000 in shares of United Dominion Realty Trust NYSE: UDR on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Xcel Energy NASDAQ: XEL on 9/25/2025.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $65.79 on Thursday. McCormick & Company, Incorporated has a one year low of $63.66 and a one year high of $86.24. The business's 50-day moving average price is $68.70 and its two-hundred day moving average price is $72.64. The company has a market capitalization of $17.66 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 3.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.27.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 7th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.30% and a net margin of 11.46%.The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business's quarterly revenue was up 2.7% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. Analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. McCormick & Company, Incorporated's payout ratio is 62.50%.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Large investors have recently made changes to their positions in the business. IFM Investors Pty Ltd lifted its position in shares of McCormick & Company, Incorporated by 13.3% during the 1st quarter. IFM Investors Pty Ltd now owns 49,712 shares of the company's stock worth $4,091,000 after purchasing an additional 5,829 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of McCormick & Company, Incorporated during the 1st quarter worth about $260,000. Stratos Wealth Partners LTD. increased its stake in McCormick & Company, Incorporated by 5.7% during the first quarter. Stratos Wealth Partners LTD. now owns 88,287 shares of the company's stock valued at $7,267,000 after acquiring an additional 4,771 shares during the period. Retirement Guys Formula LLC bought a new position in McCormick & Company, Incorporated during the first quarter valued at about $988,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in McCormick & Company, Incorporated by 10.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,524 shares of the company's stock valued at $3,464,000 after acquiring an additional 3,877 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MKC. Barclays reduced their price target on McCormick & Company, Incorporated from $82.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on McCormick & Company, Incorporated from $83.00 to $82.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reduced their price target on McCormick & Company, Incorporated from $79.00 to $71.00 and set a "hold" rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price target on McCormick & Company, Incorporated from $84.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Wall Street Zen cut McCormick & Company, Incorporated from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $78.22.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.

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