McCormick & Company, Incorporated $MKC Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,854 shares of the company’s stock after selling 18,802 shares during the quarter. Bradley Foster & Sargent Inc. CT owned approximately 0.07% of McCormick & Company, Incorporated worth $13,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKC. Bank of Jackson Hole Trust purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter worth about $25,000. Elevation Point Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated during the second quarter worth approximately $27,000. Heartwood Wealth Advisors LLC purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter worth approximately $28,000. MTM Investment Management LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $30,000. Finally, Anfield Capital Management LLC lifted its stake in shares of McCormick & Company, Incorporated by 161.3% during the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 242 shares during the period. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MKC. TD Cowen lowered their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. HSBC lowered their price target on 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 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. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $73.90.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 115,000 shares of company stock worth $7,947,300. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Stock Up 0.7%

Shares of NYSE:MKC opened at $70.03 on Wednesday. The stock has a 50-day simple moving average of $67.12 and a 200-day simple moving average of $67.09. The stock has a market capitalization of $18.80 billion, a P/E ratio of 23.90, a PEG ratio of 3.88 and a beta of 0.61. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24. 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 (NYSE:MKC) last announced its quarterly earnings results 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.80 earnings per share. The company’s quarterly revenue 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 analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Company 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.