McCormick & Company, Incorporated $MKC Shares Sold by Delaney Dennis R

Delaney Dennis R trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 35.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,270 shares of the company’s stock after selling 12,065 shares during the period. Delaney Dennis R’s holdings in McCormick & Company, Incorporated were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MKC. SBI Securities Co. Ltd. raised its holdings in McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after acquiring an additional 148 shares in the last quarter. Modern Wealth Management LLC raised its stake in shares of McCormick & Company, Incorporated by 5.9% in the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after purchasing an additional 181 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after purchasing an additional 185 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of McCormick & Company, Incorporated by 0.7% during the second quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock worth $2,044,000 after purchasing an additional 190 shares during the last quarter. Finally, Optivise Advisory Services LLC grew its stake in McCormick & Company, Incorporated by 6.2% in the second quarter. Optivise Advisory Services LLC now owns 3,303 shares of the company’s stock worth $250,000 after purchasing an additional 193 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In related 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 stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the sale, the insider directly owned 296,992 shares in the company, valued at $21,273,536.96. This trade represents a 14.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the sale, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,000 shares of company stock worth $7,947,300. 23.80% of the stock is owned by company insiders.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $68.55 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The firm has a market capitalization of $18.40 billion, a PE ratio of 23.40, a P/E/G ratio of 4.47 and a beta of 0.61. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The business’s fifty day moving average price is $67.03 and its two-hundred day moving average price is $67.15.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly 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 net margin of 11.54% and a return on equity of 14.27%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $0.80 EPS. 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. On average, research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on MKC shares. Jefferies Financial Group upped their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Stifel Nicolaus reduced 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. 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. Finally, TD Cowen reduced their price target on shares of 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. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.30.

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.