APG Asset Management N.V. Sells 56,222 Shares of McCormick & Company, Incorporated $MKC

APG Asset Management N.V. trimmed its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 39.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,204 shares of the company’s stock after selling 56,222 shares during the period. APG Asset Management N.V.’s holdings in McCormick & Company, Incorporated were worth $5,835,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in McCormick & Company, Incorporated by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock worth $2,458,683,000 after purchasing an additional 553,862 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 2.1% in the second quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock valued at $481,354,000 after purchasing an additional 133,800 shares in the last quarter. Invesco Ltd. boosted its position in shares of McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after buying an additional 1,158,423 shares during the period. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $249,087,000. Finally, ProShare Advisors LLC grew its holdings in shares of McCormick & Company, Incorporated by 13.1% during the third quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company’s stock worth $159,886,000 after buying an additional 277,257 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’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 transaction, the insider owned 246,762 shares of the company’s stock, valued at $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were 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 in the company, valued at $2,922,529.68. This represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,000 shares of company stock worth $7,947,300. Company insiders own 10.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MKC shares. JPMorgan Chase & Co. boosted their target price on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, December 15th. TD Cowen reduced 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 report on Friday, January 23rd. Finally, Jefferies Financial Group lifted 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 note on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $67.54 on Wednesday. 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 company’s fifty day simple moving average is $67.18 and its 200 day simple moving average is $67.08. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year high of $86.24. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 3.90 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.