Vestcor Inc Reduces Position in McCormick & Company, Incorporated $MKC

Vestcor Inc decreased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 44.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,318 shares of the company’s stock after selling 15,300 shares during the quarter. Vestcor Inc’s holdings in McCormick & Company, Incorporated were worth $1,293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKC. Vanguard Group Inc. grew its stake in McCormick & Company, Incorporated by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after purchasing an additional 553,862 shares in the last quarter. Geode Capital Management LLC raised its position in shares of McCormick & Company, Incorporated by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company’s stock valued at $481,354,000 after purchasing an additional 133,800 shares in the last quarter. Invesco Ltd. boosted its stake in shares of McCormick & Company, Incorporated by 44.9% during the 2nd quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock valued at $283,399,000 after buying an additional 1,158,423 shares during the last quarter. Norges Bank purchased a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $249,087,000. Finally, ProShare Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 13.1% during the third quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company’s stock worth $159,886,000 after buying an additional 277,257 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $59.93 on Thursday. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $83.15. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The business has a 50 day simple moving average of $66.64 and a 200-day simple moving average of $66.84.

McCormick & Company, Incorporated (NYSE:MKC) last posted 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 firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The business’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. As a group, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,000 shares of company stock valued at $7,947,300. Company insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MKC shares. TD Cowen dropped their price target on shares of 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. HSBC reduced their price objective 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. UBS Group dropped 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 report on Friday, January 23rd. Zacks Research lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average 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.