McCormick & Company, Incorporated $MKC Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 44.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,318 shares of the company’s stock after selling 15,300 shares during the period. Vestcor Inc’s holdings in McCormick & Company, Incorporated were worth $1,293,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its position in shares of McCormick & Company, Incorporated by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock worth $246,000 after buying an additional 148 shares during the period. Rafferty Asset Management LLC increased its stake in McCormick & Company, Incorporated by 0.7% during the third quarter. Rafferty Asset Management LLC now owns 21,563 shares of the company’s stock worth $1,443,000 after acquiring an additional 157 shares during the last quarter. Modern Wealth Management LLC increased its stake in McCormick & Company, Incorporated by 5.9% during the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after acquiring an additional 181 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of McCormick & Company, Incorporated by 2.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock worth $643,000 after purchasing an additional 185 shares during the period. Finally, Security Financial Services INC. lifted its stake in shares of McCormick & Company, Incorporated by 4.0% in the 3rd quarter. Security Financial Services INC. now owns 5,036 shares of the company’s stock valued at $337,000 after purchasing an additional 195 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $59.93 on Thursday. The firm has a market cap of $16.09 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70. McCormick & Company, Incorporated has a 1 year low of $59.62 and a 1 year high of $83.15. The stock has a 50-day simple moving average of $66.64 and a 200-day simple moving average of $66.84.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MKC. Zacks Research downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research report on Monday. Jefferies Financial Group lifted their price target on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. TD Cowen decreased their price objective on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $74.10.

Insider Activity

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 296,992 shares in the company, valued at approximately $21,273,536.96. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the sale, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,000 shares of company stock worth $7,947,300 over the last 90 days. Company insiders own 10.60% of the company’s stock.

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.