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

Intech Investment Management LLC lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.6% in the third quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.

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

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares of the company’s stock, valued at $2,119,775.64. This represents a 13.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 115,000 shares of company stock worth $7,947,300. Corporate insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Price Performance

MKC opened at $71.14 on Friday. The stock has a market cap 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. 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 fifty day simple moving average of $67.19 and a 200 day simple moving average of $67.13. McCormick & Company, Incorporated has a 12 month low of $59.62 and a 12 month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 11.54% and a return on equity of 14.27%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. 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. On average, research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MKC shares. UBS Group reduced their price target on shares of McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Finally, Barclays reduced their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.10.

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.