DoubleLine ETF Adviser LP Makes New Investment in McCormick & Company, Incorporated $MKC

DoubleLine ETF Adviser LP purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,279 shares of the company’s stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $28,000. MTM Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter worth $30,000. Anfield Capital Management LLC boosted its position in shares of McCormick & Company, Incorporated by 161.3% in the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 242 shares during the period. Finally, SouthState Bank Corp grew its holdings in shares of McCormick & Company, Incorporated by 1,777.8% during 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. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

MKC opened at $58.32 on Friday. The stock has a fifty day moving average price of $66.24 and a 200 day moving average price of $66.66. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 1 year low of $57.29 and a 1 year high of $83.15. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.25 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last issued 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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

MKC has been the topic of several recent analyst reports. Barclays dropped their price target on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday, January 26th. Stifel Nicolaus decreased their price objective on 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. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, December 15th. UBS Group dropped their target price on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. Finally, HSBC reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.10.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the sale, the insider directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. The trade was a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction 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 transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 115,000 shares of company stock worth $7,947,300. Insiders own 10.60% of the company’s stock.

About McCormick & Company, Incorporated

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.