NEOS Investment Management LLC Buys 8,589 Shares of McCormick & Company, Incorporated $MKC

NEOS Investment Management LLC boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 49.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,850 shares of the company’s stock after buying an additional 8,589 shares during the period. NEOS Investment Management LLC’s holdings in McCormick & Company, Incorporated were worth $1,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock valued at $246,000 after purchasing an additional 148 shares during the period. Modern Wealth Management LLC raised its holdings in McCormick & Company, Incorporated by 5.9% in the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after purchasing an additional 181 shares in the last quarter. Allianz Asset Management GmbH lifted its position in McCormick & Company, Incorporated by 2.0% during the third quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after buying an additional 185 shares during the period. Optivise Advisory Services LLC lifted its position in McCormick & Company, Incorporated by 6.2% during the second quarter. Optivise Advisory Services LLC now owns 3,303 shares of the company’s stock valued at $250,000 after buying an additional 193 shares during the period. Finally, Security Financial Services INC. boosted its holdings in shares of McCormick & Company, Incorporated by 4.0% during the 3rd quarter. Security Financial Services INC. now owns 5,036 shares of the company’s stock valued at $337,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 0.0%

Shares of NYSE MKC opened at $68.49 on Friday. The firm’s 50 day moving average price is $67.07 and its 200-day moving average price is $67.14. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The company has a market cap of $18.39 billion, a PE ratio of 23.38, a P/E/G ratio of 4.38 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share 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 analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. 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 EPS for the current fiscal year.

Insider Transactions at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction 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 directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Thursday, February 5th. The shares were 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 in the company, valued at $2,119,775.64. This trade represents a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $7,947,300 over the last quarter. 23.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MKC. UBS Group decreased their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, December 15th. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $79.00 to $72.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Jefferies Financial Group raised their price objective on McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.30.

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.