McCormick & Company, Incorporated $MKC Shares Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 147.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,439 shares of the company’s stock after acquiring an additional 186,733 shares during the period. Waratah Capital Advisors Ltd. owned approximately 0.12% of McCormick & Company, Incorporated worth $20,972,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $27,000. Anfield Capital Management LLC boosted its holdings in McCormick & Company, Incorporated by 161.3% during the second quarter. Anfield Capital Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 242 shares in the last quarter. MTM Investment Management LLC acquired a new position in McCormick & Company, Incorporated during the second quarter worth about $30,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in McCormick & Company, Incorporated during the third quarter worth about $28,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 31,596 shares of the company’s stock, valued at approximately $2,119,775.64. This represents a 13.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 115,000 shares of company stock worth $7,947,300. Corporate insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $70.03 on Wednesday. The business’s fifty day moving average price is $67.12 and its two-hundred day moving average price is $67.09. The stock has a market cap of $18.80 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61. 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 one year low of $59.62 and a one year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.80 earnings per share. The business’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, analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MKC shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $87.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Stifel Nicolaus dropped their price objective on 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. TD Cowen decreased their target price on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Finally, UBS Group cut their price target on 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. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.90.

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.