Teachers Retirement System of The State of Kentucky Has $7.74 Million Position in McCormick & Company, Incorporated $MKC

Teachers Retirement System of The State of Kentucky grew its stake in McCormick & Company, Incorporated (NYSE:MKC) by 483.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,629 shares of the company’s stock after buying an additional 95,819 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in McCormick & Company, Incorporated were worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated during the second quarter worth $27,000. Anfield Capital Management LLC boosted its holdings in McCormick & Company, Incorporated by 161.3% in the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 242 shares in the last quarter. MTM Investment Management LLC acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at approximately $30,000. Heartwood Wealth Advisors LLC acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 132.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 464 shares of the company’s stock worth $35,000 after purchasing an additional 264 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the sale, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This trade represents a 14.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last quarter. 10.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. HSBC reduced their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, December 15th. UBS Group cut their price objective on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.10.

McCormick & Company, Incorporated Stock Down 3.4%

MKC opened at $67.54 on Wednesday. The firm has a market capitalization of $18.13 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 3.90 and a beta of 0.59. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company has a fifty day moving average price of $67.18 and a 200-day moving average price of $67.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.