Kidder Stephen W Lowers Holdings in McCormick & Company, Incorporated $MKC

Kidder Stephen W lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,120 shares of the company’s stock after selling 8,030 shares during the period. Kidder Stephen W’s holdings in McCormick & Company, Incorporated were worth $3,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter valued at about $27,000. Anfield Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 161.3% in the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 242 shares during the period. Curio Wealth LLC lifted its position in shares of McCormick & Company, Incorporated by 39,900.0% in the 2nd quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 399 shares during the period. Finally, MTM Investment Management LLC bought a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $30,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Trading Up 0.0%

Shares of McCormick & Company, Incorporated stock opened at $68.49 on Friday. The firm’s 50 day simple moving average is $67.07 and its two-hundred day simple moving average is $67.14. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.38 and a beta of 0.61. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC) last posted 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). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the 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 transaction, the director owned 43,029 shares in the company, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director directly owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 115,000 shares of company stock valued at $7,947,300. Company insiders own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays reduced their price objective on shares of 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. Stifel Nicolaus cut their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, TD Cowen cut their target price on 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. Five equities 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.com, the company presently has a consensus rating of “Hold” and an average price target 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.