Barclays PLC Buys 35,794 Shares of McCormick & Company, Incorporated $MKC

Barclays PLC boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 724,809 shares of the company’s stock after acquiring an additional 35,794 shares during the quarter. Barclays PLC owned 0.27% of McCormick & Company, Incorporated worth $48,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 2.7% in the first 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 grew its holdings in shares of 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 buying an additional 941 shares in the last quarter. Woodline Partners LP raised its position in McCormick & Company, Incorporated by 40.9% in the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after buying an additional 6,189 shares during the last quarter. Assetmark Inc. lifted its stake in McCormick & Company, Incorporated by 64.0% in the 2nd quarter. Assetmark Inc. now owns 984 shares of the company’s stock valued at $75,000 after acquiring an additional 384 shares in the last quarter. Finally, Savant Capital LLC boosted its position in McCormick & Company, Incorporated by 1.6% during the 2nd quarter. Savant Capital LLC now owns 24,660 shares of the company’s stock worth $1,870,000 after acquiring an additional 379 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. HSBC lowered their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded 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 research note on Monday, December 15th. JPMorgan Chase & Co. increased 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. Barclays decreased their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.10.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $64.18 on Tuesday. The firm has a market capitalization of $17.23 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 3.62 and a beta of 0.58. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $66.90 and its two-hundred day moving average price is $66.95. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 22nd. The company reported $0.86 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s revenue 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, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,000 shares of company stock valued at $7,947,300 over the last ninety days. 10.60% of the stock is currently owned by company insiders.

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.