McCormick & Company, Incorporated $MKC Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 92.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,780 shares of the company’s stock after selling 21,719 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in McCormick & Company, Incorporated were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at about $249,087,000. Invesco Ltd. grew its holdings in McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after acquiring an additional 1,158,423 shares during the period. Vanguard Group Inc. raised its position in McCormick & Company, Incorporated by 1.7% during the second quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after acquiring an additional 553,862 shares in the last quarter. PGGM Investments lifted its holdings in McCormick & Company, Incorporated by 141.9% in the third quarter. PGGM Investments now owns 677,573 shares of the company’s stock valued at $45,336,000 after acquiring an additional 397,508 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in McCormick & Company, Incorporated in the second quarter valued at approximately $26,596,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MKC shares. JPMorgan Chase & Co. raised their price objective on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, December 15th. TD Cowen cut their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. HSBC decreased 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 research report on Friday, January 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $71.14 on Monday. The business’s 50 day moving average price is $67.19 and its 200 day moving average price is $67.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The company has a market cap of $19.10 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 3.96 and a beta of 0.58. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released 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). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. McCormick & Company, Incorporated’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. On average, research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the transaction, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This represents a 14.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the company’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 completion of the transaction, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. The trade was a 10.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock worth $7,947,300 over the last quarter. 10.60% of the stock is currently owned by company insiders.

About McCormick & Company, Incorporated

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.