Ameritas Investment Partners Inc. Acquires 7,606 Shares of McCormick & Company, Incorporated $MKC

Ameritas Investment Partners Inc. raised its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,094 shares of the company’s stock after purchasing an additional 7,606 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in McCormick & Company, Incorporated were worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MKC. Bank of Jackson Hole Trust purchased a new position in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in McCormick & Company, Incorporated in the second quarter worth about $27,000. Anfield Capital Management LLC boosted its stake in McCormick & Company, Incorporated by 161.3% in the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 242 shares during the last quarter. Curio Wealth LLC boosted its stake in McCormick & Company, Incorporated by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock valued at $30,000 after acquiring an additional 399 shares during the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $30,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on MKC. HSBC reduced their price objective 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. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, December 15th. 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. Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Finally, TD Cowen cut their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.90.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $68.49 on Monday. The stock has a market cap of $18.39 billion, a P/E ratio of 23.38, a PEG ratio of 3.82 and a beta of 0.61. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $67.07 and its two-hundred day moving average price is $67.10. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share 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 the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated 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 directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,000 shares of company stock worth $7,947,300. 23.80% 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.