Swiss National Bank Sells 35,500 Shares of McCormick & Company, Incorporated $MKC

Swiss National Bank trimmed its stake in McCormick & Company, Incorporated (NYSE:MKC) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 729,400 shares of the company’s stock after selling 35,500 shares during the period. Swiss National Bank’s holdings in McCormick & Company, Incorporated were worth $48,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MKC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $2,854,000 after buying an additional 925 shares in the last quarter. Empowered Funds LLC lifted its position in shares of McCormick & Company, Incorporated by 19.0% during 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 lifted its position in shares of McCormick & Company, Incorporated by 40.9% during the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after buying an additional 6,189 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $229,000. Finally, Prospera Financial Services Inc grew its stake in shares of McCormick & Company, Incorporated by 11.2% during the 2nd quarter. Prospera Financial Services Inc now owns 5,946 shares of the company’s stock valued at $451,000 after acquiring an additional 597 shares during the period. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Down 4.2%

Shares of MKC opened at $57.41 on Friday. McCormick & Company, Incorporated has a 1 year low of $57.29 and a 1 year high of $83.15. 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 business’s 50 day simple moving average is $66.42 and its 200-day simple moving average is $66.77. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data 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 company 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%. McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the 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 transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their position. The transaction 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 stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last quarter. 10.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday. TD Cowen decreased 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 research report on Friday, January 23rd. Finally, HSBC lowered their target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $74.10.

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.