Allstate Corp Buys Shares of 9,056 McCormick & Company, Incorporated $MKC

Allstate Corp bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, Holdings Channel.com reports. The institutional investor bought 9,056 shares of the company’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at approximately $249,087,000. Invesco Ltd. boosted its position in McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after purchasing an additional 1,158,423 shares during the period. Vanguard Group Inc. grew its holdings in McCormick & Company, Incorporated by 1.7% during the second 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 during the last quarter. PGGM Investments raised its position in shares of McCormick & Company, Incorporated by 141.9% in the third quarter. PGGM Investments now owns 677,573 shares of the company’s stock valued at $45,336,000 after purchasing an additional 397,508 shares during the period. Finally, Epoch Investment Partners Inc. bought a new position in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $26,596,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brendan M. Foley sold 57,144 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the completion of the transaction, the chief executive officer owned 108,652 shares in the company, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,158 shares of company stock valued at $9,635,824 over the last 90 days. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Stock Down 8.0%

NYSE MKC opened at $61.21 on Friday. McCormick & Company, Incorporated has a twelve month low of $60.59 and a twelve month high of $86.24. The stock has a market cap of $16.43 billion, a PE ratio of 21.18, a PEG ratio of 4.00 and a beta of 0.62. The firm has a 50-day simple moving average of $66.82 and a 200 day simple moving average of $67.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.29 and a current ratio of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). McCormick & Company, Incorporated had a net margin of 11.46% and a return on equity of 14.30%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $0.80 EPS. The company’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. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were paid a $0.48 dividend. The ex-dividend date was Monday, December 29th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.1%. McCormick & Company, Incorporated’s dividend payout ratio is currently 66.44%.

Analysts Set New Price Targets

MKC has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Jefferies Financial Group upped their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.63.

Trending Headlines about McCormick & Company, Incorporated

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: Q4 sales and margins showed resilience — revenue rose ~2.9% year‑over‑year, net margin was 11.46% and ROE 14.3%, signaling underlying demand and operational strength. McCORMICK REPORTS STRONG 2025 FINANCIAL RESULTS AND PROVIDES 2026 OUTLOOK
• Positive Sentiment: Board additions bring seasoned consumer-packaged-goods leadership (Gavin Hattersley, Rick Dierker), which investors may view as governance and strategy support. McCormick Appoints Gavin Hattersley and Rick Dierker to Board of Directors
• Neutral Sentiment: Detailed metric analysis and slides are available for investors digging into the quarter (mix, channel performance, regionals) — useful for modeling but not market-moving on their own. McCormick & Company, Incorporated 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Comparative/value writeups (Kerry vs McCormick) and analyst metric roundups provide context for valuation and longer-term expectations rather than an immediate catalyst. KRYAY or MKC: Which Is the Better Value Stock Right Now?
• Negative Sentiment: FY2026 guidance disappointed: EPS guide of $3.05–3.13 is below the ~$3.21 consensus and revenue guidance sits near/around expectations but with downside risk to margins — a primary reason for the stock decline. Cholula sauce maker McCormick forecasts weak annual profit on tariffs, higher input costs
• Negative Sentiment: Q4 EPS missed estimates by a hair ($0.86 vs. $0.87 consensus) despite a slight revenue beat — the EPS miss plus margin pressure from tariffs/commodities amplified investor concern. McCormick (MKC) Lags Q4 Earnings and Revenue Estimates

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.