Intech Investment Management LLC Has $8.22 Million Position in McCormick & Company, Incorporated $MKC

Intech Investment Management LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,907 shares of the company’s stock after acquiring an additional 13,786 shares during the period. Intech Investment Management LLC’s holdings in McCormick & Company, Incorporated were worth $8,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MKC. Elevation Point Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC bought a new stake in McCormick & Company, Incorporated in the third quarter valued at approximately $28,000. MTM Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $30,000. Anfield Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 161.3% in the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 242 shares during the last quarter. Finally, SouthState Bank Corp boosted its stake in shares of McCormick & Company, Incorporated by 1,777.8% during the 3rd quarter. SouthState Bank Corp now owns 507 shares of the company’s stock worth $34,000 after acquiring an additional 480 shares during the period. 79.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MKC shares. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. 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 report on Friday, January 23rd. 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. Deutsche Bank Aktiengesellschaft raised 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 report on Monday, December 15th. Finally, Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $74.10.

McCormick & Company, Incorporated Stock Up 2.7%

MKC opened at $71.14 on Friday. The stock has a fifty day moving average of $67.19 and a 200-day moving average of $67.13. The company has a market capitalization of $19.10 billion, a P/E ratio of 24.28, a P/E/G ratio of 3.86 and a beta of 0.61. McCormick & Company, Incorporated has a fifty-two week low of $59.62 and a fifty-two week high of $86.24. 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 released its quarterly 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 net margin of 11.54% and a return on equity of 14.27%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company’s 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. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the transaction, the director owned 43,029 shares in the company, valued at $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on 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 completion of the sale, the insider owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. The trade was a 14.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,000 shares of company stock valued at $7,947,300 in the last quarter. Company 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.