SG Americas Securities LLC Purchases 47,927 Shares of McCormick & Company, Incorporated $MKC

SG Americas Securities LLC increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 38.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,116 shares of the company’s stock after buying an additional 47,927 shares during the period. SG Americas Securities LLC owned 0.06% of McCormick & Company, Incorporated worth $11,859,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Nuance Investments LLC bought a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $15,388,000. WINTON GROUP Ltd grew its holdings in shares of McCormick & Company, Incorporated by 76.9% during the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock worth $2,509,000 after acquiring an additional 16,300 shares during the period. Envestnet Asset Management Inc. raised its position in shares of McCormick & Company, Incorporated by 3.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 878,886 shares of the company’s stock worth $58,806,000 after acquiring an additional 29,418 shares in the last quarter. Cibc World Market Inc. bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $3,819,000. Finally, American Century Companies Inc. purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at approximately $48,576,000. Institutional investors own 79.74% of the company’s stock.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the 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 sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the sale, the insider 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last ninety days. 10.60% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $53.05 on Friday. McCormick & Company, Incorporated has a 1-year low of $51.29 and a 1-year high of $83.15. 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 business has a fifty day moving average price of $63.62 and a 200-day moving average price of $65.53. The company has a market capitalization of $14.24 billion, a PE ratio of 18.11, a PEG ratio of 3.11 and a beta of 0.59.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (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 analysts’ expectations of $1.84 billion. During the same period last year, the firm posted $0.80 earnings per share. The firm’s quarterly 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. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MKC shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Stifel Nicolaus lowered their price objective on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, January 23rd. HSBC dropped their target price on shares of McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Zacks Research downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.20.

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.