McCormick & Company, Incorporated $MKC Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,273 shares of the company’s stock after purchasing an additional 26,274 shares during the period. Cresset Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $7,780,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in shares of McCormick & Company, Incorporated in the second quarter valued at $27,000. Anfield Capital Management LLC grew its holdings in shares of 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 acquiring an additional 242 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter worth $30,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at $28,000. Finally, SouthState Bank Corp lifted 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 purchasing an additional 480 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, December 15th. Barclays dropped their target price on shares of 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. 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. Stifel Nicolaus decreased their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Finally, TD Cowen cut their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $74.10.

McCormick & Company, Incorporated Stock Down 0.6%

McCormick & Company, Incorporated stock opened at $65.28 on Friday. McCormick & Company, Incorporated has a twelve month low of $59.62 and a twelve month high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. The firm has a market cap of $17.52 billion, a PE ratio of 22.28, a P/E/G ratio of 3.66 and a beta of 0.59. The firm’s 50 day moving average price is $67.08 and its two-hundred day moving average price is $67.05.

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 11.54% and a return on equity of 14.27%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. 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 predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total value of $335,450.00. Following the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the completion of the sale, the insider directly owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. 10.60% of the stock is owned by corporate insiders.

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.