9,056 Shares in McCormick & Company, Incorporated $MKC Bought by Allstate Corp

Allstate Corp bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,056 shares of the company’s stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MKC. Maryland State Retirement & Pension System grew its position in shares of McCormick & Company, Incorporated by 4.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,356 shares of the company’s stock valued at $827,000 after buying an additional 582 shares during the last quarter. NBT Bank N A NY boosted its stake in McCormick & Company, Incorporated by 11.6% in the third quarter. NBT Bank N A NY now owns 2,880 shares of the company’s stock valued at $193,000 after acquiring an additional 300 shares during the period. PGGM Investments grew its holdings in shares of McCormick & Company, Incorporated by 141.9% during the third quarter. PGGM Investments now owns 677,573 shares of the company’s stock valued at $45,336,000 after purchasing an additional 397,508 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of McCormick & Company, Incorporated by 11.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,244 shares of the company’s stock worth $2,960,000 after purchasing an additional 4,400 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of McCormick & Company, Incorporated by 96.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,922 shares of the company’s stock worth $530,000 after purchasing an additional 3,890 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Down 8.0%

MKC stock opened at $61.21 on Friday. McCormick & Company, Incorporated has a 12 month low of $60.59 and a 12 month high of $86.24. The firm has a market cap of $16.43 billion, a PE ratio of 21.18, a P/E/G ratio of 4.00 and a beta of 0.62. The firm has a 50 day simple moving average of $66.82 and a 200 day simple moving average of $67.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.29.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.30% and a net margin of 11.46%.The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. McCormick & Company, Incorporated’s payout ratio is presently 66.44%.

Wall Street Analysts Forecast Growth

MKC has been the subject of a number of analyst reports. UBS Group reduced their price objective on McCormick & Company, Incorporated from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Wall Street Zen raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Jefferies Financial Group increased their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Barclays decreased their target price on shares of McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.63.

Insiders Place Their Bets

In other news, CEO Brendan M. Foley sold 57,144 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the completion of the sale, the chief executive officer directly owned 108,652 shares of the company’s stock, valued at $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the transaction, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 146,158 shares of company stock worth $9,635,824 over the last ninety days. 23.80% of the stock is owned by insiders.

Key Headlines Impacting McCormick & Company, Incorporated

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: Q4 sales and margins showed resilience — revenue rose ~2.9% year‑over‑year, net margin was 11.46% and ROE 14.3%, signaling underlying demand and operational strength. McCORMICK REPORTS STRONG 2025 FINANCIAL RESULTS AND PROVIDES 2026 OUTLOOK
• Positive Sentiment: Board additions bring seasoned consumer-packaged-goods leadership (Gavin Hattersley, Rick Dierker), which investors may view as governance and strategy support. McCormick Appoints Gavin Hattersley and Rick Dierker to Board of Directors
• Neutral Sentiment: Detailed metric analysis and slides are available for investors digging into the quarter (mix, channel performance, regionals) — useful for modeling but not market-moving on their own. McCormick & Company, Incorporated 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Comparative/value writeups (Kerry vs McCormick) and analyst metric roundups provide context for valuation and longer-term expectations rather than an immediate catalyst. KRYAY or MKC: Which Is the Better Value Stock Right Now?
• Negative Sentiment: FY2026 guidance disappointed: EPS guide of $3.05–3.13 is below the ~$3.21 consensus and revenue guidance sits near/around expectations but with downside risk to margins — a primary reason for the stock decline. Cholula sauce maker McCormick forecasts weak annual profit on tariffs, higher input costs
• Negative Sentiment: Q4 EPS missed estimates by a hair ($0.86 vs. $0.87 consensus) despite a slight revenue beat — the EPS miss plus margin pressure from tariffs/commodities amplified investor concern. McCormick (MKC) Lags Q4 Earnings and Revenue Estimates

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.