McCormick & Company, Incorporated $MKC Shares Sold by Baker Chad R

Baker Chad R lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 75.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,555 shares of the company’s stock after selling 25,815 shares during the quarter. Baker Chad R’s holdings in McCormick & Company, Incorporated were worth $586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of McCormick & Company, Incorporated by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after buying an additional 925 shares during the last quarter. Empowered Funds LLC raised its position in shares of McCormick & Company, Incorporated by 19.0% during the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after buying an additional 941 shares during the period. Woodline Partners LP lifted its holdings in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares during the last quarter. Cetera Investment Advisers lifted its holdings in McCormick & Company, Incorporated by 11.0% in the second quarter. Cetera Investment Advisers now owns 36,904 shares of the company’s stock valued at $2,798,000 after acquiring an additional 3,661 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in McCormick & Company, Incorporated in the second quarter worth approximately $238,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MKC. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, December 15th. 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 report on Friday, March 20th. JPMorgan Chase & Co. reduced their price objective on shares of McCormick & Company, Incorporated from $78.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, HSBC lowered their target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $72.20.

McCormick & Company, Incorporated Trading Down 2.4%

Shares of NYSE MKC opened at $51.53 on Friday. McCormick & Company, Incorporated has a twelve month low of $51.29 and a twelve month high of $83.15. 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 stock has a fifty day simple moving average of $63.90 and a 200-day simple moving average of $65.68. The stock has a market capitalization of $13.83 billion, a PE ratio of 17.59, a PEG ratio of 3.09 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results 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 period in the previous year, the company posted $0.80 EPS. McCormick & Company, Incorporated’s 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. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This trade represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred 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 transaction, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by corporate 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.