McCormick & Company, Incorporated $MKC Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,516 shares of the company’s stock after selling 21,434 shares during the quarter. Jacobs & Co. CA’s holdings in McCormick & Company, Incorporated were worth $7,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter worth about $249,087,000. Invesco Ltd. raised its position in McCormick & Company, Incorporated by 66.7% in the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after purchasing an additional 2,494,544 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of McCormick & Company, Incorporated by 67.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares during the period. State Street Corp boosted its stake in shares of McCormick & Company, Incorporated by 5.1% in the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth about $48,576,000. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. TD Cowen reduced their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, January 23rd. 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 research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.10.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the sale, the insider directly owned 296,992 shares in the company, valued at $21,273,536.96. This trade represents a 14.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 115,000 shares of company stock worth $7,947,300. 10.60% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $55.11 on Thursday. 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 has a fifty-two week low of $55.04 and a fifty-two week high of $83.15. The firm has a market capitalization of $14.79 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 3.33 and a beta of 0.59. The stock’s 50-day simple moving average is $65.69 and its 200-day simple moving average is $66.37.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.85 billion for 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 for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS 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.