Confluence Investment Management LLC Sells 40,805 Shares of McCormick & Company, Incorporated $MKC

Confluence Investment Management LLC reduced its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 281,411 shares of the company’s stock after selling 40,805 shares during the quarter. Confluence Investment Management LLC’s holdings in McCormick & Company, Incorporated were worth $19,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of McCormick & Company, Incorporated by 2.7% in the 1st 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 during the last quarter. Empowered Funds LLC raised its position in McCormick & Company, Incorporated by 19.0% in the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after acquiring an additional 941 shares during the period. Woodline Partners LP boosted its stake in McCormick & Company, Incorporated by 40.9% in the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock valued at $1,756,000 after acquiring an additional 6,189 shares during the last quarter. Creative Planning grew its position in shares of McCormick & Company, Incorporated by 25.3% during the 2nd quarter. Creative Planning now owns 91,841 shares of the company’s stock valued at $6,963,000 after acquiring an additional 18,569 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of McCormick & Company, Incorporated by 11.0% during the 2nd quarter. Cetera Investment Advisers now owns 36,904 shares of the company’s stock worth $2,798,000 after purchasing an additional 3,661 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Down 1.8%

Shares of MKC stock opened at $54.07 on Friday. The company has a market capitalization of $14.51 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.21 and a beta of 0.59. McCormick & Company, Incorporated has a 52-week low of $53.59 and a 52-week high of $83.15. The business’s fifty day moving average is $65.43 and its 200 day moving average is $66.29. 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 (NYSE:MKC) last announced its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated’s revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MKC. TD Cowen dropped their price objective 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. 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. lifted their price objective on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. UBS Group dropped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, December 15th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.10.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated 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 completion of the sale, the director directly owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $339,600.00. Following the completion of the transaction, the director directly owned 43,029 shares in the company, valued at $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 have sold 115,000 shares of company stock valued at $7,947,300 over the last three months. 10.60% of the stock is owned by corporate insiders.

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.