Scott & Selber Inc. Takes Position in McCormick & Company, Incorporated $MKC

Scott & Selber Inc. purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,357 shares of the company’s stock, valued at approximately $1,387,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock worth $1,038,632,000 after purchasing an additional 747,844 shares during the last quarter. Invesco Ltd. increased its stake in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares during the period. Norges Bank acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $249,087,000. Wellington Management Group LLP raised its position in shares of McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after acquiring an additional 1,124,003 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 13.1% in the third quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company’s stock worth $159,886,000 after acquiring an additional 277,257 shares during the period. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Stifel Nicolaus reduced their target price on McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, December 15th. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. Jefferies Financial Group lifted their target price on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, UBS Group dropped their target price on shares of McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.30.

McCormick & Company, Incorporated Trading Down 0.0%

Shares of MKC stock opened at $53.23 on Tuesday. The company has a market cap of $14.29 billion, a P/E ratio of 18.17, a PEG ratio of 3.11 and a beta of 0.58. The stock has a 50 day simple moving average of $64.87 and a two-hundred day simple moving average of $66.00. 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 fifty-two week low of $52.63 and a fifty-two week high of $83.15.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly 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). The business 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%. McCormick & Company, Incorporated’s quarterly revenue was up 2.9% compared to the same quarter last year. 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. Research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity

In related news, Director Jacques Tapiero sold 5,000 shares of the business’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 transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 115,000 shares of company stock worth $7,947,300 in the last quarter. 10.60% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Company 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.