Aristotle Capital Management Adds $446M in McCormick & Company, Incorporated ($MKC)
The firm added 8.85 million shares, raising its holdings by 231.9%.
Key Points
- Aristotle Capital Management increased its stake in McCormick & Company by 231.9%, adding 8,848,235 shares to hold a total of 12,664,378 shares valued at $612.32 million as of the latest SEC filing.
- Shares of NYSE:MKC traded near $48.35 on Friday, with a market cap of approximately $12.99 billion and a P/E ratio of 7.93.
- Recent insider buying included CEO Brendan Foley purchasing shares on June 16, 2026, and analysts from JP Morgan and UBS maintaining their ratings with price targets of $63 and $51, respectively.
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Aristotle Capital Management significantly increased its stake in McCormick & Company, Incorporated (NYSE:MKC), boosting its holdings by 231.9% according to the latest SEC filing. The firm added 8,848,235 shares, bringing its total to 12,664,378 shares valued at approximately $612.32 million.
Aristotle Capital Management vs. the S&P 500
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What Changed in Aristotle Capital Management's McCormick & Company Position
Aristotle Capital Management previously held 3,816,143 shares of McCormick & Company. With the addition of 8,848,235 shares, the firm's position now totals 12,664,378 shares. This substantial increase reflects a vote of confidence in the company, with the investment valued at $612.32 million as of the end of the reporting period.
Other Institutional Activity in McCormick & Company
Several other institutional investors also made notable moves in McCormick & Company. BlackRock, Inc. increased its holdings by 1,129,199 shares, ending with 21,273,771 shares worth about $1.07 billion, marking a 5.6% increase. State Farm Mutual Automobile Insurance Co maintained its position with 16,522,728 shares valued at $833.41 million. Vanguard Capital Management LLC opened a new position with 16,512,212 shares valued at approximately $832.88 million. Similarly, Vanguard Portfolio Management LLC initiated a new stake with 13,864,616 shares worth $699.33 million. State Street Corp also increased its stake by 409,119 shares, holding a total of 15,345,206 shares valued at $774.01 million, a 2.7% increase.
McCormick & Company, Incorporated Stock Down 8.9%
Shares of McCormick & Company traded near $48.35 on Friday. The company has a market cap of about $12.99 billion and a P/E ratio of 7.93, indicating a relatively low price compared to its earnings. The stock's 52-week range is between $44.82 and $78.03, with a 50-day moving average of $48.51 and a 200-day moving average of $60.46. McCormick has a current ratio of 0.758 and a quick ratio of 0.293, reflecting its liquidity position.
$MKC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
McCormick & Company reported revenues of $7.11 billion, with a revenue growth rate of 16.7%. The company's net margin stands at 23.12%, and it achieved a return on equity of 25.35%. The next earnings report is expected on June 25, 2026.
Dividend
McCormick & Company pays an annual dividend rate of $1.92, offering a yield of 4.03%. The dividend payout ratio is 30%, providing a steady income stream to investors.
Insider Buying and Selling at McCormick & Company, Incorporated
Recent insider activity includes several purchases. On June 16, 2026, Chairman, President & CEO Brendan Foley purchased 53 shares at $47.19, and Chief Human Relations Officer Sarah Piper bought 54 shares at the same price. Earlier, on April 27, Foley bought 11 shares at $51.41. Other insiders, including Anne Bramman and Terry Thomas, also made small purchases in April.
Analysts Set New Price Targets
Analysts have maintained their ratings on McCormick & Company. On June 12, 2026, JP Morgan maintained a 'buy' rating with a price target of $63. UBS maintained a 'hold' rating with a target of $51 on June 2. The consensus among 13 analysts is a 'buy' recommendation, with a mean target price of $61.23.
About McCormick & Company
McCormick & Company, Incorporated, based in Hunt Valley, Maryland, is a leader in the consumer defensive sector, specializing in packaged foods. The company produces and sells herbs, spices, seasoning mixes, and condiments under various brands like McCormick, French's, and Frank's RedHot. It serves both consumer and flavor solutions markets globally. Founded in 1889, McCormick has grown to employ around 14,100 people under the leadership of CEO Brendan M. Foley.
Bottom Line
Aristotle Capital Management's significant increase in its stake in McCormick & Company reflects strong institutional interest in the company. While 13F filings are backward-looking, they offer insight into investment trends and institutional sentiment. McCormick's robust market presence and consistent dividend make it a closely watched stock by investors.
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