National Pension Service Invests $1.73 Million in McCormick & Company, Incorporated $MKC

14 Sep 2026, 04:33 by Teresa Graham · The Cerbat Gem

National Pension Service bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,232 shares of the company’s stock, valued at approximately $1,726,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parvin Asset Management LLC bought a new stake in McCormick & Company, Incorporated in the second quarter worth $25,000. Deseret Mutual Benefit Administrators increased its position in McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at $28,000. Byrne Asset Management LLC purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at $30,000. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of McCormick & Company, Incorporated by 340.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 0.1%

MKC stock opened at $51.35 on Monday. The company has a market capitalization of $13.81 billion, a PE ratio of 8.54, a P/E/G ratio of 2.02 and a beta of 0.64. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $72.41. The firm’s 50-day moving average is $52.84 and its 200 day moving average is $52.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share 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 analyst estimates of $1.91 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts anticipate that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on MKC shares. Sanford C. Bernstein dropped their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. UBS Group raised their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft boosted their target price on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Jefferies Financial Group cut their target price on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, TD Cowen decreased their price target on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.50.

Get Our Latest Stock Report on McCormick & Company, Incorporated

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred 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 approximately $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Company Profile

(Free Report)

McCormick & Company, Incorporated (NYSE:MKC) is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.