Vanguard Group Inc. Reduces Stock Position in McCormick & Company, Incorporated $MKC

Vanguard Group Inc. cut its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,365,654 shares of the company’s stock after selling 62,247 shares during the period. Vanguard Group Inc. owned about 12.06% of McCormick & Company, Incorporated worth $2,165,586,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MKC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in McCormick & Company, Incorporated by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after purchasing an additional 925 shares during the period. Empowered Funds LLC increased its position in shares of McCormick & Company, Incorporated by 19.0% during the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after purchasing an additional 941 shares during the last quarter. Woodline Partners LP raised its holdings in McCormick & Company, Incorporated by 40.9% during the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after buying an additional 6,189 shares during the period. Nordea Investment Management AB lifted its position in McCormick & Company, Incorporated by 0.7% in the second quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock worth $2,044,000 after buying an additional 190 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in McCormick & Company, Incorporated by 1.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 50,897 shares of the company’s stock worth $3,876,000 after buying an additional 949 shares during the period. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MKC shares. Jefferies Financial Group increased their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. TD Cowen reduced their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, December 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, HSBC decreased their price target on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $68.71 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The company has a market capitalization of $18.45 billion, a PE ratio of 23.45, a P/E/G ratio of 4.47 and a beta of 0.61. The company has a 50 day moving average price of $67.03 and a 200-day moving average price of $67.15.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. McCormick & Company, Incorporated’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock valued at $7,947,300 over the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

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.