NEOS Investment Management LLC Purchases 8,589 Shares of McCormick & Company, Incorporated $MKC

NEOS Investment Management LLC raised its position in McCormick & Company, Incorporated (NYSE:MKC) by 49.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,850 shares of the company’s stock after purchasing an additional 8,589 shares during the period. NEOS Investment Management LLC’s holdings in McCormick & Company, Incorporated were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in McCormick & Company, Incorporated by 114.0% during the third quarter. Rothschild Investment LLC now owns 762 shares of the company’s stock valued at $51,000 after buying an additional 406 shares during the period. Aberdeen Group plc increased its stake in McCormick & Company, Incorporated by 1.2% in the 3rd quarter. Aberdeen Group plc now owns 223,294 shares of the company’s stock worth $14,896,000 after acquiring an additional 2,593 shares during the last quarter. Pacific Point Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 2.5% in the 3rd quarter. Pacific Point Advisors LLC now owns 20,660 shares of the company’s stock valued at $1,382,000 after acquiring an additional 506 shares in the last quarter. Assetmark Inc. boosted its position in shares of McCormick & Company, Incorporated by 60.0% during the 3rd quarter. Assetmark Inc. now owns 1,574 shares of the company’s stock valued at $105,000 after acquiring an additional 590 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of McCormick & Company, Incorporated by 14.7% during the third quarter. Public Sector Pension Investment Board now owns 21,903 shares of the company’s stock worth $1,466,000 after purchasing an additional 2,804 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $68.49 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $18.39 billion, a PE ratio of 23.38, a P/E/G ratio of 4.38 and a beta of 0.61. The firm has a fifty day simple moving average of $67.07 and a two-hundred day simple moving average of $67.14. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $0.80 earnings per share. The firm’s quarterly 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. Research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, December 15th. Barclays reduced their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, January 26th. Finally, Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.30.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the transaction, the director directly owned 31,596 shares of the company’s stock, valued at $2,119,775.64. The trade was a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 115,000 shares of company stock worth $7,947,300. Company insiders own 23.80% of the company’s stock.

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.