Citigroup Inc. Has $17.73 Million Holdings in McCormick & Company, Incorporated $MKC

Citigroup Inc. lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 17.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,953 shares of the company’s stock after purchasing an additional 40,205 shares during the quarter. Citigroup Inc. owned 0.10% of McCormick & Company, Incorporated worth $17,728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MKC. Stevens Capital Management LP bought a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at $231,000. Dempze Nancy E grew its holdings in shares of McCormick & Company, Incorporated by 4.3% during the third quarter. Dempze Nancy E now owns 36,720 shares of the company’s stock valued at $2,457,000 after buying an additional 1,525 shares during the last quarter. Notis McConarty Edward increased its position in shares of McCormick & Company, Incorporated by 3.8% during the third quarter. Notis McConarty Edward now owns 42,335 shares of the company’s stock worth $2,833,000 after acquiring an additional 1,535 shares in the last quarter. Elefante Mark B raised its holdings in shares of McCormick & Company, Incorporated by 16.0% in the 3rd quarter. Elefante Mark B now owns 34,625 shares of the company’s stock worth $2,317,000 after acquiring an additional 4,780 shares during the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of McCormick & Company, Incorporated by 143.8% in the 3rd quarter. Alberta Investment Management Corp now owns 70,200 shares of the company’s stock worth $4,697,000 after acquiring an additional 41,400 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MKC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Stifel Nicolaus dropped their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Stock Up 2.7%

MKC opened at $71.14 on Friday. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24. The company’s 50-day moving average price is $67.19 and its two-hundred day moving average price is $67.13. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 3.86 and a beta of 0.61. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly 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). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

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 stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the sale, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock valued at $7,947,300 in the last 90 days. Insiders own 23.80% of the company’s stock.

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.