Atria Investments Inc Has $1.68 Million Holdings in McCormick & Company, Incorporated $MKC

Atria Investments Inc decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 28.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,173 shares of the company’s stock after selling 10,011 shares during the period. Atria Investments Inc’s holdings in McCormick & Company, Incorporated were worth $1,684,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in McCormick & Company, Incorporated during the second quarter valued at $249,087,000. Invesco Ltd. boosted its holdings in shares of McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after purchasing an additional 1,158,423 shares during the period. Vanguard Group Inc. increased its stake in McCormick & Company, Incorporated by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after buying an additional 553,862 shares during the period. PGGM Investments lifted its position in McCormick & Company, Incorporated by 141.9% in the 3rd quarter. PGGM Investments now owns 677,573 shares of the company’s stock worth $45,336,000 after buying an additional 397,508 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in McCormick & Company, Incorporated in the 2nd quarter worth approximately $26,596,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MKC shares. Stifel Nicolaus dropped 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 research note on Friday, January 23rd. TD Cowen cut their price target on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Barclays reduced their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, December 15th. Finally, HSBC dropped their price target 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $73.30.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $69.19 on Wednesday. The company has a market capitalization of $18.57 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 4.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. McCormick & Company, Incorporated has a one year low of $59.62 and a one year high of $86.24. The company’s fifty day moving average price is $66.87 and its 200 day moving average price is $67.12.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results 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). 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 period in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter 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. As a group, analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction 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 transaction, 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. The sale was disclosed in a legal filing 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 shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares of the company’s stock, valued at approximately $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 115,000 shares of company stock valued at $7,947,300. 23.80% of the stock is owned by company insiders.

McCormick & Company, Incorporated 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.