85,223 Shares in McCormick & Company, Incorporated $MKC Purchased by Nykredit A S

Key Points

• Nykredit A S purchased 85,223 shares of McCormick & Company during the second quarter, valued at approximately $4.3 million. Institutional investors collectively own 79.74% of the company.
• McCormick reported quarterly EPS of $0.80, beating estimates of $0.69, while revenue rose 16.7% year over year to $1.94 billion. The company guided to fiscal 2026 EPS of $3.05–$3.13.
• Analysts maintain a mixed but generally cautious outlook, with five Buy ratings and eight Holds producing a consensus “Hold” rating and a $59.90 target price. Major shareholder Lawrence Kurzius separately sold 205,538 shares for about $10.8 million.

Nykredit A S purchased a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 85,223 shares of the company's stock, valued at approximately $4,297,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aristotle Capital Management LLC grew its stake in McCormick & Company, Incorporated by 231.9% during the first quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company's stock worth $638,795,000 after buying an additional 8,848,235 shares during the last quarter. XXEC Inc. acquired a new position in McCormick & Company, Incorporated during the 2nd quarter worth about $154,566,000. Diamant Asset Management Inc. lifted its position in McCormick & Company, Incorporated by 4,848.6% during the 1st quarter. Diamant Asset Management Inc. now owns 1,046,630 shares of the company's stock worth $52,792,000 after buying an additional 1,025,480 shares in the last quarter. Engineers Gate Manager LP bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $64,522,000. Finally, Norges Bank bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $62,711,000. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $49.34 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $72.41. The firm has a fifty day moving average of $52.45 and a 200-day moving average of $51.50. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.McCormick & Company, Incorporated's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. 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 3.08 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein dropped their target price on shares of McCormick & Company, Incorporated from $77.00 to $68.00 and set an "outperform" rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of McCormick & Company, Incorporated from $59.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 5th. UBS Group boosted their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. Finally, Barclays reduced their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating on the stock in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $59.90.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated NYSE: MKC is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company's consumer brands include McCormick, French's, Frank's RedHot, Lawry's, Old Bay and Gourmet Garden, among others.

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