Bright Rock Capital Management LLC Buys 10,000 Shares of McCormick & Company, Incorporated $MKC

Bright Rock Capital Management LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. McCormick & Company, Incorporated comprises approximately 1.5% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Bright Rock Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $7,492,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nuance Investments LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $15,388,000. WINTON GROUP Ltd increased its stake in shares of McCormick & Company, Incorporated by 76.9% in the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after purchasing an additional 16,300 shares in the last quarter. Envestnet Asset Management Inc. increased 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. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $3,819,000. Finally, American Century Companies Inc. purchased a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at approximately $48,576,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Activity

In other news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred 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 owned 43,029 shares of the company’s stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the sale, the director directly owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% 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 quarter. Corporate insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. HSBC decreased their price objective 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. Barclays lowered 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 note on Monday, January 26th. Zacks Research cut McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $78.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Finally, UBS Group lowered their price objective on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.60.

McCormick & Company, Incorporated Stock Up 1.2%

McCormick & Company, Incorporated stock opened at $53.70 on Tuesday. The stock’s fifty day moving average is $63.36 and its two-hundred day moving average is $65.40. The stock has a market cap of $14.41 billion, a PE ratio of 18.33, a P/E/G ratio of 3.11 and a beta of 0.58. 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.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data 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). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. McCormick & Company, Incorporated had a net margin of 11.54% and a return on equity of 14.27%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

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.