Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in McCormick & Company, Incorporated $MKC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 8.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 594,268 shares of the company’s stock after buying an additional 43,931 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in McCormick & Company, Incorporated were worth $39,762,000 at the end of the most recent reporting period.

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

McCormick & Company, Incorporated Trading Up 2.7%

MKC opened at $71.14 on Friday. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. 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 stock has a market capitalization of $19.10 billion, a PE ratio of 24.28, a P/E/G ratio of 3.96 and a beta of 0.61. The firm’s fifty day moving average price is $67.19 and its 200 day moving average price is $67.12.

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

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This represents a 14.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 115,000 shares of company stock valued at $7,947,300 over the last three months. 23.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MKC. TD Cowen decreased their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, January 23rd. Jefferies Financial Group upped their price target on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday. 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 research note on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $74.10.

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.