McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) major shareholder Lawrence Erik Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
McCormick & Company, Incorporated Stock Performance
Shares of McCormick & Company, Incorporated stock opened at $54.65 on Friday. The business has a 50-day simple moving average of $50.91 and a 200-day simple moving average of $54.36. The company has a market cap of $14.69 billion, a PE ratio of 9.09, a P/E/G ratio of 2.73 and a beta of 0.64. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.
McCormick & Company, Incorporated Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. TD Cowen dropped their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Barclays cut their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upped their price target on McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein dropped their price target on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.50.
Read Our Latest Report on McCormick & Company, Incorporated
Institutional Trading of McCormick & Company, Incorporated
Large investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators increased its stake in McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth about $28,000. Byrne Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $30,000. Zions Bancorporation National Association UT grew its holdings in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after buying an additional 357 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 79.74% 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.
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