McCormick & Company, Incorporated $MKC Stock Position Cut by Delaney Dennis R

Delaney Dennis R decreased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 35.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,270 shares of the company’s stock after selling 12,065 shares during the period. Delaney Dennis R’s holdings in McCormick & Company, Incorporated were worth $1,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $249,087,000. Invesco Ltd. raised its holdings 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 in the last quarter. Vanguard Group Inc. lifted its position in McCormick & Company, Incorporated by 1.7% in the second quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock worth $2,458,683,000 after purchasing an additional 553,862 shares during the period. PGGM Investments boosted its stake in McCormick & Company, Incorporated by 141.9% during the 3rd 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 in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at $26,596,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $68.55 on Friday. 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 $59.62 and a 1 year high of $86.24. The company has a market cap of $18.40 billion, a PE ratio of 23.40, a PEG ratio of 4.47 and a beta of 0.61. The stock’s 50-day moving average price is $67.03 and its two-hundred day moving average price is $67.15.

McCormick & Company, Incorporated (NYSE:MKC) last announced its 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 return on equity of 14.27% and a net margin of 11.54%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The business’s quarterly 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, analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the sale, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This trade represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction 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 transaction, the insider owned 246,762 shares in the company, valued at $16,639,161.66. This represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 115,000 shares of company stock worth $7,947,300. Corporate insiders own 23.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MKC shares. HSBC cut their price objective on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, December 15th. Jefferies Financial Group raised their price objective on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Finally, TD Cowen cut 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 research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average price target of $73.30.

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.