Douglass Winthrop Advisors LLC Has $2.77 Million Stake in McCormick & Company, Incorporated $MKC

Key Points

• Douglass Winthrop Advisors LLC increased its stake by 338.7% in McCormick to 41,455 shares (worth $2.77 million) in the third quarter, per its latest 13F filing.
• Company insiders have been net sellers, offloading 115,000 shares worth $7.95 million in the past three months — including 5,000 shares by director Michael D. Mangan and 50,000 shares by major shareholder Lawrence Erik Kurzius.
• Analysts are mixed with a consensus rating of Hold and an average target of $74.10; the stock is trading down ~5.5% at $59.93 and McCormick set FY2026 guidance of $3.05–$3.13 EPS (analysts expect $3.07).

Douglass Winthrop Advisors LLC raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 338.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,455 shares of the company's stock after acquiring an additional 32,005 shares during the period. Douglass Winthrop Advisors LLC's holdings in McCormick & Company, Incorporated were worth $2,774,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MKC. Vanguard Group Inc. boosted its stake in McCormick & Company, Incorporated by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,427,901 shares of the company's stock valued at $2,458,683,000 after purchasing an additional 553,862 shares during the period. Geode Capital Management LLC increased its position in McCormick & Company, Incorporated by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 6,375,983 shares of the company's stock worth $481,354,000 after buying an additional 133,800 shares during the period. Invesco Ltd. increased its position in McCormick & Company, Incorporated by 44.9% in the 2nd quarter. Invesco Ltd. now owns 3,737,793 shares of the company's stock worth $283,399,000 after buying an additional 1,158,423 shares during the period. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated during the second quarter worth approximately $249,087,000. Finally, ProShare Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 13.1% during the third quarter. ProShare Advisors LLC now owns 2,389,571 shares of the company's stock worth $159,886,000 after buying an additional 277,257 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the transaction, the director directly owned 43,029 shares of the company's stock, valued at $2,922,529.68. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the sale, the insider owned 246,762 shares in the company, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,000 shares of company stock valued at $7,947,300 in the last three months. 10.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of several research analyst reports. Barclays lowered 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 research note on Monday, January 26th. TD Cowen cut their target price on shares of McCormick & Company, Incorporated from $82.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, January 23rd. Jefferies Financial Group increased their price target on shares of McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, Incorporated from $72.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 18th. Finally, Zacks Research downgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "strong sell" rating in a report on Monday. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $74.10.

McCormick & Company, Incorporated Trading Down 5.5%

Shares of McCormick & Company, Incorporated stock opened at $59.93 on Thursday. McCormick & Company, Incorporated has a 12-month low of $59.62 and a 12-month high of $83.15. The stock has a market capitalization of $16.09 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The company has a 50-day simple moving average of $66.64 and a 200 day simple moving average of $66.84. The company has a quick ratio of 0.28, a current ratio of 0.70 and a debt-to-equity ratio of 0.54.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly 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). The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.

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