Atria Investments Inc Has $1.68 Million Holdings in McCormick & Company, Incorporated $MKC

Atria Investments Inc trimmed its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 28.5% in the third quarter, HoldingsChannel reports. The firm owned 25,173 shares of the company’s stock after selling 10,011 shares during the period. Atria Investments Inc’s holdings in McCormick & Company, Incorporated were worth $1,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in McCormick & Company, Incorporated by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock valued at $2,854,000 after buying an additional 925 shares during the period. Empowered Funds LLC increased its position in shares of McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock valued at $486,000 after buying an additional 941 shares in the last quarter. Woodline Partners LP increased its position in shares of McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after acquiring an additional 6,189 shares in the last quarter. Mutual Advisors LLC increased its stake in McCormick & Company, Incorporated by 9.1% in the 2nd quarter. Mutual Advisors LLC now owns 3,446 shares of the company’s stock valued at $247,000 after buying an additional 287 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of McCormick & Company, Incorporated by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock worth $2,044,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of research analyst reports. TD Cowen dropped their price target 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. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Jefferies Financial Group increased their target price on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, HSBC dropped their price target 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. Five investment 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 stock has a consensus rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $69.19 on Wednesday. The stock’s 50-day moving average is $66.87 and its 200-day moving average is $67.12. McCormick & Company, Incorporated has a 1-year low of $59.62 and a 1-year 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. The stock has a market cap of $18.57 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61.

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

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated 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 transaction, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This represents a 14.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on 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 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 ninety days, insiders sold 115,000 shares of company stock valued at $7,947,300. Corporate insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Company 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.