McCormick & Company, Incorporated $MKC Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 8.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 594,268 shares of the company’s stock after acquiring an additional 43,931 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of McCormick & Company, Incorporated worth $39,762,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in McCormick & Company, Incorporated during the second quarter worth about $249,087,000. Invesco Ltd. grew its holdings in shares of McCormick & Company, Incorporated by 44.9% in the 2nd quarter. Invesco Ltd. now owns 3,737,793 shares of the company’s stock worth $283,399,000 after acquiring an additional 1,158,423 shares during the period. Vanguard Group Inc. increased its stake in McCormick & Company, Incorporated by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company’s stock valued at $2,458,683,000 after purchasing an additional 553,862 shares in the last quarter. PGGM Investments boosted its position in McCormick & Company, Incorporated by 141.9% during the third quarter. PGGM Investments now owns 677,573 shares of the company’s stock worth $45,336,000 after purchasing an additional 397,508 shares in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $26,596,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MKC shares. Stifel Nicolaus decreased their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, January 23rd. UBS Group dropped their price objective on shares of 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. Barclays lowered their target price on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. JPMorgan Chase & Co. boosted their price target on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, TD Cowen decreased their price objective on 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 research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average price target of $74.10.

McCormick & Company, Incorporated Stock Up 2.7%

Shares of NYSE:MKC opened at $71.14 on Friday. The stock’s 50-day moving average price is $67.19 and its two-hundred day moving average price is $67.12. The company has a current ratio of 0.70, a quick ratio of 0.28 and a debt-to-equity ratio of 0.54. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $86.24. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 3.96 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 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $0.80 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following 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. Insiders have sold a total of 115,000 shares of company stock valued at $7,947,300 over the last quarter. Company insiders own 23.80% of the company’s stock.

About McCormick & Company, Incorporated

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.