Swiss National Bank Sells 35,500 Shares of McCormick & Company, Incorporated $MKC

Swiss National Bank decreased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 729,400 shares of the company’s stock after selling 35,500 shares during the quarter. Swiss National Bank owned about 0.27% of McCormick & Company, Incorporated worth $48,804,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC bought a new position in shares of McCormick & Company, Incorporated during the second quarter valued at $27,000. Anfield Capital Management LLC boosted its stake in McCormick & Company, Incorporated by 161.3% in the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. MTM Investment Management LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $30,000. Heartwood Wealth Advisors LLC purchased a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at about $28,000. Finally, SouthState Bank Corp grew its position in McCormick & Company, Incorporated by 1,777.8% during the 3rd 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 last quarter. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $57.41 on Friday. 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 1 year low of $57.29 and a 1 year high of $83.15. The company has a market cap of $15.41 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The stock’s fifty day moving average price is $66.42 and its 200-day moving average price is $66.77.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $0.80 EPS. The firm’s revenue 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. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the transaction, the insider owned 296,992 shares in the company, valued at $21,273,536.96. This represents a 14.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jacques Tapiero sold 5,000 shares of the firm’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 directly owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,000 shares of company stock worth $7,947,300 in the last three months. 10.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MKC. TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Zacks Research cut shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. HSBC decreased their price objective on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Finally, Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.