20,357 Shares in McCormick & Company, Incorporated $MKC Purchased by Scott & Selber Inc.

Scott & Selber Inc. acquired a new position in McCormick & Company, Incorporated (NYSE:MKC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,357 shares of the company’s stock, valued at approximately $1,387,000.

A number of other institutional investors have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in shares of McCormick & Company, Incorporated during the second quarter worth approximately $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $28,000. GoalVest Advisory LLC acquired a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $28,000. SouthState Bank Corp grew its position in McCormick & Company, Incorporated by 1,777.8% during the third quarter. SouthState Bank Corp now owns 507 shares of the company’s stock worth $34,000 after buying an additional 480 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in McCormick & Company, Incorporated during the 3rd quarter worth $37,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $53.23 on Tuesday. The company’s 50 day moving average price is $64.87 and its two-hundred day moving average price is $66.00. The firm has a market capitalization of $14.29 billion, a P/E ratio of 18.17, a P/E/G ratio of 3.11 and a beta of 0.58. McCormick & Company, Incorporated has a fifty-two week low of $52.63 and a fifty-two week high of $83.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.70 and a quick ratio of 0.28.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the transaction, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. This represents a 14.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $67.92, for a total value of $339,600.00. Following the completion of the transaction, the director owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock worth $7,947,300 in the last 90 days. Insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MKC shares. Jefferies Financial Group upped their target price on McCormick & Company, Incorporated from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price target on McCormick & Company, Incorporated from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, December 15th. Zacks Research downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “strong sell” rating in a research note on Monday, March 9th. Finally, UBS Group decreased their target price on shares of McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.30.

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.