Segall Bryant & Hamill LLC Buys 71,506 Shares of McCormick & Company, Incorporated $MKC

Segall Bryant & Hamill LLC raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 66.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,315 shares of the company’s stock after purchasing an additional 71,506 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.07% of McCormick & Company, Incorporated worth $11,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Elo Mutual Pension Insurance Co increased its position in shares of McCormick & Company, Incorporated by 85.4% during the third quarter. Elo Mutual Pension Insurance Co now owns 42,158 shares of the company’s stock valued at $2,821,000 after buying an additional 19,423 shares during the period. Fisher Asset Management LLC bought a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $226,000. Rafferty Asset Management LLC grew its holdings in shares of McCormick & Company, Incorporated by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock worth $1,443,000 after acquiring an additional 157 shares during the period. American Century Companies Inc. purchased a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $48,576,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of McCormick & Company, Incorporated by 1,875.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 10,134 shares of the company’s stock worth $678,000 after acquiring an additional 9,621 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

MKC opened at $67.54 on Wednesday. The stock has a 50-day moving average price of $67.18 and a 200-day moving average price of $67.08. 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 firm has a market cap of $18.13 billion, a PE ratio of 23.05, a P/E/G ratio of 3.90 and a beta of 0.59. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on MKC. Sanford C. Bernstein restated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, December 15th. UBS Group lowered their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Finally, TD Cowen dropped 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 note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.10.

Insider Buying and Selling

In other news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the transaction, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock worth $7,947,300 in the last three months. Insiders own 10.60% 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.