Segall Bryant & Hamill LLC Increases Stock Position in McCormick & Company, Incorporated $MKC

Segall Bryant & Hamill LLC increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 66.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,315 shares of the company’s stock after purchasing an additional 71,506 shares during the period. Segall Bryant & Hamill LLC’s holdings in McCormick & Company, Incorporated were worth $11,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MKC. Nuance Investments LLC purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter worth $15,388,000. Cibc World Market Inc. bought a new position in shares of McCormick & Company, Incorporated in the third quarter worth about $3,819,000. Envestnet Asset Management Inc. grew its position 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 worth $58,806,000 after purchasing an additional 29,418 shares in the last quarter. Strengthening Families & Communities LLC grew its position in shares of McCormick & Company, Incorporated by 3,178.6% during the third quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock worth $2,211,000 after purchasing an additional 32,040 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. raised its stake in McCormick & Company, Incorporated by 90.0% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 118,313 shares of the company’s stock valued at $7,916,000 after purchasing an additional 56,049 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Down 3.4%

Shares of MKC opened at $67.54 on Wednesday. The company’s fifty day moving average is $67.18 and its 200 day moving average is $67.08. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. The stock has a market capitalization of $18.13 billion, a PE ratio of 23.05, a P/E/G ratio of 3.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business earned $0.80 EPS. McCormick & Company, Incorporated’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. Sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MKC. Barclays dropped their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Monday, January 26th. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. HSBC cut 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. 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 note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.10.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated 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 transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,371,500.00. Following the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. 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.