Thrivent Financial for Lutherans Reduces Position in McCormick & Company, Incorporated $MKC

Thrivent Financial for Lutherans lowered its stake in McCormick & Company, Incorporated (NYSE:MKC) by 62.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,936 shares of the company’s stock after selling 36,414 shares during the period. Thrivent Financial for Lutherans’ holdings in McCormick & Company, Incorporated were worth $1,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of McCormick & Company, Incorporated in the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC acquired a new position in shares of McCormick & Company, Incorporated in the third quarter valued at about $28,000. Curio Wealth LLC raised its stake in shares of McCormick & Company, Incorporated by 39,900.0% in the second quarter. Curio Wealth LLC now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 399 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the second quarter worth about $30,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the completion of the transaction, the director directly owned 43,029 shares of the company’s stock, valued at $2,922,529.68. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total transaction of $3,371,500.00. Following the completion of the sale, the insider directly owned 246,762 shares in the company, valued at $16,639,161.66. This represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,000 shares of company stock worth $4,365,800 over the last three months. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Stock Up 1.6%

MKC stock opened at $71.63 on Friday. McCormick & Company, Incorporated has a one year low of $59.62 and a one year 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. The firm’s fifty day moving average is $66.43 and its 200 day moving average is $67.19. The firm has a market cap of $19.23 billion, a PE ratio of 24.45, a P/E/G ratio of 4.51 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $0.80 EPS. The company’s 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, research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 29th were issued a $0.48 dividend. 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 annualized dividend and a yield of 2.7%. McCormick & Company, Incorporated’s dividend payout ratio is 65.53%.

Analyst Upgrades and Downgrades

MKC has been the topic of several research reports. Jefferies Financial Group increased their price target on shares of McCormick & Company, Incorporated from $78.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $87.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, December 11th. Stifel Nicolaus reduced their target price on shares of McCormick & Company, Incorporated from $71.00 to $65.00 and set a “hold” rating for the company in a report on Friday, January 23rd. Barclays lowered their price target on shares of McCormick & Company, Incorporated from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Monday, January 26th. Finally, TD Cowen reduced their price objective on McCormick & Company, Incorporated from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.30.

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.