McCormick & Company Non-Voting
About: In its 135-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is extensive, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.
Employees: 13,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
102% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 63
13% more capital invested
Capital invested by funds: $15.4B [Q2] → $17.5B (+$2.03B) [Q3]
7% more funds holding
Funds holding: 928 [Q2] → 992 (+64) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 345 | Existing positions reduced: 358
2.17% less ownership
Funds ownership: 86.46% [Q2] → 84.29% (-2.17%) [Q3]
34% less call options, than puts
Call options by funds: $98.6M | Put options by funds: $149M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies Rob Dickerson 67% 1-year accuracy 4 / 6 met price target | 15%upside $91 | Buy Upgraded | 9 Dec 2024 |
TD Cowen Robert Moskow 46% 1-year accuracy 21 / 46 met price target | 9%upside $86 | Hold Maintained | 2 Oct 2024 |
Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target | 8%upside $85 | Hold Maintained | 2 Oct 2024 |
B of A Securities Peter Galbo 30% 1-year accuracy 3 / 10 met price target | 22%upside $96 | Buy Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 8 articles about MKC published over the past 30 days
