Avanza Fonder AB Grows Stock Holdings in McCormick & Company, Incorporated $MKC

Avanza Fonder AB raised its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,141 shares of the company’s stock after purchasing an additional 10,982 shares during the quarter. Avanza Fonder AB’s holdings in McCormick & Company, Incorporated were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $28,000. GoalVest Advisory LLC purchased a new position in McCormick & Company, Incorporated in the fourth quarter worth about $28,000. SouthState Bank Corp grew its position in McCormick & Company, Incorporated by 1,777.8% in the third quarter. SouthState Bank Corp now owns 507 shares of the company’s stock worth $34,000 after acquiring an additional 480 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in McCormick & Company, Incorporated during the third quarter worth approximately $37,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Trading Down 2.4%

MKC stock opened at $52.00 on Wednesday. The company has a market capitalization of $13.96 billion, a PE ratio of 17.75, a P/E/G ratio of 3.11 and a beta of 0.59. McCormick & Company, Incorporated has a 12 month low of $51.80 and a 12 month high of $83.15. The firm’s 50-day moving average is $64.56 and its 200 day moving average is $65.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

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). The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. McCormick & Company, Incorporated’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MKC. TD Cowen decreased their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. HSBC dropped their target price 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. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. UBS Group lowered their price target on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Finally, Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.30.

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.