Creative Financial Designs Inc. ADV Buys 9,621 Shares of McCormick & Company, Incorporated $MKC

Creative Financial Designs Inc. ADV boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 1,875.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,134 shares of the company’s stock after purchasing an additional 9,621 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in McCormick & Company, Incorporated were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DNB Asset Management AS raised its position in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. DNB Asset Management AS now owns 67,432 shares of the company’s stock valued at $4,512,000 after buying an additional 3,285 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in McCormick & Company, Incorporated by 8.0% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 594,268 shares of the company’s stock valued at $39,762,000 after acquiring an additional 43,931 shares during the last quarter. Intech Investment Management LLC raised its position in McCormick & Company, Incorporated by 12.6% during the third quarter. Intech Investment Management LLC now owns 122,907 shares of the company’s stock valued at $8,224,000 after purchasing an additional 13,786 shares in the last quarter. Fox Run Management L.L.C. raised its position in McCormick & Company, Incorporated by 120.2% during the third quarter. Fox Run Management L.L.C. now owns 6,640 shares of the company’s stock valued at $444,000 after purchasing an additional 3,624 shares in the last quarter. Finally, MAI Capital Management lifted its stake in McCormick & Company, Incorporated by 1.8% during the third quarter. MAI Capital Management now owns 11,957 shares of the company’s stock worth $800,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Up 2.7%

Shares of NYSE MKC opened at $71.14 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The firm’s fifty day moving average is $67.19 and its 200 day moving average is $67.09. The company has a market cap of $19.10 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 3.96 and a beta of 0.58.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results 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 firm had revenue of $1.85 billion for 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%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

MKC has been the topic of several recent research reports. TD Cowen reduced 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. Jefferies Financial Group increased their price target on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. HSBC lowered their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus target price of $74.10.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the transaction, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the director owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock worth $7,947,300 in the last 90 days. Company insiders own 10.60% of the company’s stock.

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.