American Century Companies Inc. Makes New Investment in McCormick & Company, Incorporated $MKC

American Century Companies Inc. acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 725,987 shares of the company’s stock, valued at approximately $48,576,000. American Century Companies Inc. owned about 0.27% of McCormick & Company, Incorporated as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Nuance Investments LLC acquired a new stake in McCormick & Company, Incorporated in the 3rd quarter worth about $15,388,000. Cibc World Market Inc. acquired a new position in shares of McCormick & Company, Incorporated during the third quarter valued at approximately $3,819,000. Envestnet Asset Management Inc. raised its holdings in shares of McCormick & Company, Incorporated by 3.5% during the third quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock valued at $58,806,000 after acquiring an additional 29,418 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in shares of McCormick & Company, Incorporated by 3,178.6% in the third quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock valued at $2,211,000 after acquiring an additional 32,040 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. boosted its stake in shares of McCormick & Company, Incorporated by 90.0% in the third quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock worth $7,916,000 after acquiring an additional 56,049 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKC. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, December 15th. TD Cowen lowered their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Stifel Nicolaus dropped their target price on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Jefferies Financial Group increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.10.

McCormick & Company, Incorporated Stock Down 0.6%

NYSE MKC opened at $65.28 on Friday. The business’s fifty day simple moving average is $67.08 and its 200-day simple moving average is $67.05. 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 firm has a market cap of $17.52 billion, a PE ratio of 22.28, a P/E/G ratio of 3.66 and a beta of 0.59. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $0.80 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’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 transaction, the insider directly owned 296,992 shares in the company, valued at approximately $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,000 shares of company stock valued at $7,947,300 in the last 90 days. Company insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated 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.