McCormick & Company Non-Voting
About: In its 135-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond consumers, McCormick's customer base 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 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: 14,100
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
22% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 97
19% more call options, than puts
Call options by funds: $70.5M | Put options by funds: $59.3M
2.0% more ownership
Funds ownership: 84.17% [Q3] → 86.17% (+2.0%) [Q4]
1% more funds holding
Funds holding: 997 [Q3] → 1,003 (+6) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]
2% less capital invested
Capital invested by funds: $17.4B [Q3] → $17B (-$395M) [Q4]
4% less repeat investments, than reductions
Existing positions increased: 353 | Existing positions reduced: 367
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Andrew Lazar 37% 1-year accuracy 7 / 19 met price target | 8%upside $82 | Equal-Weight Maintained | 27 Jan 2025 |
JP Morgan Ken Goldman 58% 1-year accuracy 7 / 12 met price target | 9%downside $69 | Underweight Maintained | 24 Jan 2025 |
Financial journalist opinion
Based on 16 articles about MKC published over the past 30 days
