Cinctive Capital Management LP Invests $862,000 in McCormick & Company, Incorporated $MKC

Cinctive Capital Management LP bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,880 shares of the company’s stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nuance Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $15,388,000. Envestnet Asset Management Inc. raised its position in shares of McCormick & Company, Incorporated by 3.5% in the third quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock valued at $58,806,000 after buying an additional 29,418 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $3,819,000. WINTON GROUP Ltd boosted its stake in shares of McCormick & Company, Incorporated by 76.9% in the third quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after buying an additional 16,300 shares during the period. Finally, Strengthening Families & Communities LLC boosted its stake in shares of McCormick & Company, Incorporated by 3,178.6% in the third quarter. Strengthening Families & Communities LLC now owns 33,048 shares of the company’s stock valued at $2,211,000 after buying an additional 32,040 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on MKC shares. HSBC lowered their price objective on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, December 15th. Sanford C. Bernstein restated an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Jefferies Financial Group raised their price target on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, UBS Group dropped their price target on McCormick & Company, Incorporated from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.10.

McCormick & Company, Incorporated Stock Down 1.1%

Shares of MKC opened at $57.65 on Tuesday. McCormick & Company, Incorporated has a one year low of $56.68 and a one year high of $83.15. The company has a market cap of $15.48 billion, a P/E ratio of 19.68, a P/E/G ratio of 3.25 and a beta of 0.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $66.08 and a two-hundred day simple moving average of $66.54.

McCormick & Company, Incorporated (NYSE:MKC) last released 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 business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter 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. Research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the sale, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the sale, the insider directly owned 296,992 shares in the company, valued at $21,273,536.96. This trade represents a 14.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,000 shares of company stock worth $7,947,300 in the last ninety days. 10.60% of the stock is owned by 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.