Insider Selling: McCormick & Company, Incorporated (NYSE:MKC) Director Sells 50,000 Shares of Stock

02 Apr 2025, 20:22 by Michael Walen · The Markets Daily

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) Director Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the sale, the director now directly owns 247,437 shares of the company’s stock, valued at $20,242,820.97. This trade represents a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

McCormick & Company, Incorporated Stock Down 1.1 %

Shares of NYSE MKC traded down $0.91 during midday trading on Wednesday, hitting $81.34. The company’s stock had a trading volume of 1,662,948 shares, compared to its average volume of 1,898,503. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The business’s fifty day simple moving average is $79.59 and its two-hundred day simple moving average is $78.79. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. McCormick & Company, Incorporated’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on MKC shares. JPMorgan Chase & Co. upped their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.75.

Get Our Latest Research Report on MKC

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Private Wealth Advisors LLC increased its holdings in McCormick & Company, Incorporated by 3.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after buying an additional 136 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of McCormick & Company, Incorporated by 2.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company’s stock worth $382,000 after acquiring an additional 137 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of McCormick & Company, Incorporated by 1.7% in the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock valued at $641,000 after acquiring an additional 138 shares during the last quarter. Bessemer Group Inc. raised its position in shares of McCormick & Company, Incorporated by 0.3% during the 4th quarter. Bessemer Group Inc. now owns 43,002 shares of the company’s stock worth $3,278,000 after acquiring an additional 139 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its position in shares of McCormick & Company, Incorporated by 1.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company’s stock worth $954,000 after acquiring an additional 153 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

About McCormick & Company, Incorporated

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