McCormick & Company, Incorporated $MKC Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 157.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,868 shares of the company’s stock after acquiring an additional 12,749 shares during the quarter. Mirabella Financial Services LLP’s holdings in McCormick & Company, Incorporated were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of McCormick & Company, Incorporated by 2.7% in the 1st 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 in the last quarter. Empowered Funds LLC boosted its position in McCormick & Company, Incorporated by 19.0% during the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after purchasing an additional 941 shares in the last quarter. Woodline Partners LP grew its holdings in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after purchasing an additional 6,189 shares during the period. Creative Planning grew its holdings in McCormick & Company, Incorporated by 25.3% in the second quarter. Creative Planning now owns 91,841 shares of the company’s stock valued at $6,963,000 after purchasing an additional 18,569 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of McCormick & Company, Incorporated by 11.0% in the second quarter. Cetera Investment Advisers now owns 36,904 shares of the company’s stock valued at $2,798,000 after buying an additional 3,661 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MKC. JPMorgan Chase & Co. upped their target price on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. TD Cowen decreased 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 report on Friday, January 23rd. Finally, HSBC dropped their target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.10.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the transaction, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the sale, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. This represents a 13.66% 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 over the last three months. Insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.8%

Shares of MKC opened at $54.07 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 one year low of $53.59 and a one year high of $83.15. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.21 and a beta of 0.59. The stock has a 50 day moving average price of $65.43 and a 200 day moving average price of $66.29.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts forecast 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.