Truist Financial Corp Has $3.78 Million Stake in McCormick & Company, Incorporated $MKC

Truist Financial Corp lowered its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,454 shares of the company’s stock after selling 8,135 shares during the period. Truist Financial Corp’s holdings in McCormick & Company, Incorporated were worth $3,777,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,239 shares of the company’s stock worth $246,000 after acquiring an additional 148 shares during the last quarter. Nicholson Wealth Management Group LLC boosted its position in shares of McCormick & Company, Incorporated by 1.0% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock valued at $1,450,000 after purchasing an additional 181 shares in the last quarter. Modern Wealth Management LLC increased its stake in McCormick & Company, Incorporated by 5.9% in the second quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock valued at $247,000 after purchasing an additional 181 shares in the last quarter. Nordea Investment Management AB lifted its position in McCormick & Company, Incorporated by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 26,900 shares of the company’s stock valued at $2,044,000 after acquiring an additional 190 shares in the last quarter. Finally, Optivise Advisory Services LLC grew its holdings in McCormick & Company, Incorporated by 6.2% during the second quarter. Optivise Advisory Services LLC now owns 3,303 shares of the company’s stock worth $250,000 after buying an additional 193 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $66.51 on Thursday. The stock has a 50-day simple moving average of $66.06 and a two-hundred day simple moving average of $67.28. The firm has a market capitalization of $17.85 billion, a PE ratio of 22.70, a P/E/G ratio of 4.05 and a beta of 0.61. McCormick & Company, Incorporated has a 52-week low of $59.62 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.28 and a current ratio of 0.70.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. McCormick & Company, Incorporated had a return on equity of 14.27% and a net margin of 11.54%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 29th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. McCormick & Company, Incorporated’s dividend payout ratio is 65.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. HSBC dropped their price objective on McCormick & Company, Incorporated from $75.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, December 15th. Barclays lowered their price objective on McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, January 26th. Finally, Wall Street Zen raised McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $73.30.

Insider Transactions at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $67.43, for a total value of $3,371,500.00. Following the completion of the transaction, the insider owned 246,762 shares in the company, valued at $16,639,161.66. This trade represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $63.85, for a total transaction of $319,250.00. Following the transaction, the director directly owned 31,596 shares of the company’s stock, valued at $2,017,404.60. This represents a 13.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 151,158 shares of company stock valued at $9,955,074 in the last 90 days. Insiders own 23.80% of the company’s stock.

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.