McCormick & Company, Incorporated $MKC Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC trimmed its position in McCormick & Company, Incorporated (NYSE:MKC) by 2.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 253,124 shares of the company’s stock after selling 7,490 shares during the period. McCormick & Company, Incorporated makes up approximately 1.3% of Hemenway Trust Co LLC’s portfolio, making the stock its 29th largest holding. Hemenway Trust Co LLC’s holdings in McCormick & Company, Incorporated were worth $16,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its stake 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 acquiring an additional 148 shares during the period. Modern Wealth Management LLC raised its holdings 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 purchasing an additional 181 shares in the last quarter. Allianz Asset Management GmbH lifted its position in McCormick & Company, Incorporated by 2.0% in the third quarter. Allianz Asset Management GmbH now owns 9,610 shares of the company’s stock valued at $643,000 after purchasing an additional 185 shares during the period. Nordea Investment Management AB boosted its holdings in McCormick & Company, Incorporated by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock valued at $2,044,000 after purchasing an additional 190 shares in the last quarter. Finally, Optivise Advisory Services LLC boosted its holdings in McCormick & Company, Incorporated by 6.2% in the 2nd quarter. Optivise Advisory Services LLC now owns 3,303 shares of the company’s stock valued at $250,000 after purchasing an additional 193 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MKC. Sanford C. Bernstein reissued an “outperform” rating and issued a $87.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, December 15th. HSBC lowered their price target on shares of 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. Stifel Nicolaus reduced their price objective on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Finally, Barclays decreased their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.30.

McCormick & Company, Incorporated Trading Down 2.1%

Shares of MKC opened at $68.55 on Friday. 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 has a 1-year low of $59.62 and a 1-year high of $86.24. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 4.47 and a beta of 0.61. The firm has a 50 day simple moving average of $67.03 and a 200-day simple moving average of $67.15.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results 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 quarter last year, the company posted $0.80 EPS. McCormick & Company, Incorporated’s quarterly 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. Equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 246,762 shares of the company’s stock, valued at approximately $16,639,161.66. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $67.09, for a total transaction of $335,450.00. Following the sale, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. This trade represents a 13.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 115,000 shares of company stock valued at $7,947,300. 23.80% 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.