McCormick & Company, Incorporated $MKC Shares Purchased by Victory Capital Management Inc.

Key Points

• Victory Capital Management boosted its McCormick stake by 79.0% in Q3 to 408,093 shares, worth about $27.3 million.
• Other major institutional moves include Norges Bank initiating a roughly $249 million stake and Vanguard holding 32.4 million shares (~$2.46 billion), leaving about 79.7% of McCormick stock owned by institutions.
• Insiders sold 115,000 shares (~$7.95 million) in the past three months; McCormick slightly missed quarterly EPS by $0.01, set FY26 guidance of $3.05–$3.13, and the analyst consensus is a Hold with a $74.10 price target.

Victory Capital Management Inc. increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 79.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 408,093 shares of the company's stock after buying an additional 180,094 shares during the quarter. Victory Capital Management Inc. owned about 0.15% of McCormick & Company, Incorporated worth $27,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MKC. Norges Bank purchased a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $249,087,000. Invesco Ltd. increased its position in McCormick & Company, Incorporated by 44.9% during the second quarter. Invesco Ltd. now owns 3,737,793 shares of the company's stock worth $283,399,000 after purchasing an additional 1,158,423 shares during the last quarter. American Century Companies Inc. purchased a new position in McCormick & Company, Incorporated during the third quarter worth about $48,576,000. Vanguard Group Inc. boosted its holdings in McCormick & Company, Incorporated by 1.7% in 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 last quarter. Finally, PGGM Investments boosted its holdings in McCormick & Company, Incorporated by 141.9% in the 3rd quarter. PGGM Investments now owns 677,573 shares of the company's stock valued at $45,336,000 after purchasing an additional 397,508 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total value of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at approximately $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the company'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 transaction of $339,600.00. Following the sale, the director directly owned 43,029 shares in the company, valued at approximately $2,922,529.68. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 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.

McCormick & Company, Incorporated Stock Down 0.6%

NYSE:MKC opened at $64.91 on Monday. McCormick & Company, Incorporated has a 52 week low of $59.62 and a 52 week high of $86.24. The stock's fifty day moving average is $67.00 and its two-hundred day moving average is $67.00. The stock has a market capitalization of $17.42 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 3.62 and a beta of 0.58. 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 issued its quarterly earnings data 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). 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%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous 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 anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MKC shares. Barclays cut their price target on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an "equal weight" rating for the company in a report on Monday, January 26th. Sanford C. Bernstein restated an "outperform" rating and issued a $87.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, December 11th. Stifel Nicolaus decreased their price target on McCormick & Company, Incorporated from $71.00 to $65.00 and set a "hold" rating on the stock in a research note on Friday, January 23rd. TD Cowen cut their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, January 23rd. Finally, Jefferies Financial Group boosted their price objective 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. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $74.10.

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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