Martin Capital Partners LLC Makes New Investment in McCormick & Company, Incorporated $MKC

Martin Capital Partners LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 61,841 shares of the company’s stock, valued at approximately $4,212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth $27,000. Heartwood Wealth Advisors LLC acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at $28,000. GoalVest Advisory LLC bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $28,000. SouthState Bank Corp lifted its position in shares of McCormick & Company, Incorporated by 1,777.8% during the 3rd quarter. SouthState Bank Corp now owns 507 shares of the company’s stock valued at $34,000 after acquiring an additional 480 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth $37,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. HSBC cut their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. UBS Group decreased 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. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, TD Cowen cut their price target on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.10.

Insiders Place Their Bets

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were 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 approximately $16,639,161.66. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Trading Down 1.8%

Shares of MKC opened at $54.07 on Friday. 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 52-week low of $53.59 and a 52-week high of $83.15. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.21 and a beta of 0.59. The business’s fifty day moving average is $65.43 and its 200-day moving average is $66.29.

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 the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

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.