Citigroup Inc. Grows Stock Holdings in McCormick & Company, Incorporated $MKC

Citigroup Inc. grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,953 shares of the company’s stock after acquiring an additional 40,205 shares during the period. Citigroup Inc.’s holdings in McCormick & Company, Incorporated were worth $17,728,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter valued at $27,000. Anfield Capital Management LLC grew its holdings in McCormick & Company, Incorporated by 161.3% during the 2nd quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 242 shares in the last quarter. MTM Investment Management LLC purchased a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $30,000. Heartwood Wealth Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 132.0% in the second quarter. GHP Investment Advisors Inc. now owns 464 shares of the company’s stock worth $35,000 after buying an additional 264 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MKC has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of 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. JPMorgan Chase & Co. boosted their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Barclays lowered their price objective 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. Finally, TD Cowen dropped their price objective on 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 investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Stock Up 2.7%

MKC opened at $71.14 on Friday. The business’s fifty day simple moving average is $67.19 and its 200 day simple moving average is $67.13. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.10 billion, a PE ratio of 24.28, a P/E/G ratio of 3.86 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.McCormick & Company, Incorporated’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Thursday, February 5th. The shares were 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 of the company’s stock, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 246,762 shares of the company’s stock, valued at $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 115,000 shares of company stock valued at $7,947,300. 23.80% of the stock is currently owned by corporate insiders.

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.