Cresset Asset Management LLC Purchases 26,274 Shares of McCormick & Company, Incorporated $MKC

Cresset Asset Management LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 29.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 116,273 shares of the company’s stock after buying an additional 26,274 shares during the quarter. Cresset Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $7,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in McCormick & Company, Incorporated by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock worth $2,458,683,000 after acquiring an additional 553,862 shares during the period. Geode Capital Management LLC increased its stake in shares of McCormick & Company, Incorporated by 2.1% in the second quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock worth $481,354,000 after purchasing an additional 133,800 shares during the period. Invesco Ltd. increased its stake in shares of McCormick & Company, Incorporated by 44.9% in the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after purchasing an additional 1,158,423 shares during the period. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth about $249,087,000. Finally, ProShare Advisors LLC boosted its stake in McCormick & Company, Incorporated by 13.1% during the 3rd quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company’s stock valued at $159,886,000 after purchasing an additional 277,257 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated 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 completion of the transaction, the insider directly owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last 90 days. 10.60% of the stock is owned by company insiders.

McCormick & Company, Incorporated Stock Down 0.6%

Shares of MKC stock opened at $65.28 on Friday. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The stock has a fifty day moving average price of $67.08 and a 200 day moving average price of $67.05. The stock has a market cap of $17.52 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.66 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. 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 earnings per share for the current year.

Analysts Set New Price Targets

MKC has been the topic of several recent analyst reports. Barclays dropped their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. raised their price objective on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. UBS Group cut their target price 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Finally, Jefferies Financial Group raised their price target on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.10.

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.