Strive Financial Group LLC Sells 21,194 Shares of McCormick & Company, Incorporated $MKC

Strive Financial Group LLC trimmed its position in McCormick & Company, Incorporated (NYSE:MKC) by 87.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,106 shares of the company’s stock after selling 21,194 shares during the quarter. Strive Financial Group LLC’s holdings in McCormick & Company, Incorporated were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MKC. Deseret Mutual Benefit Administrators grew its stake in McCormick & Company, Incorporated by 67.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after buying an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth $28,000. Zions Bancorporation National Association UT boosted its holdings in McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock valued at $31,000 after acquiring an additional 357 shares during the period. Parvin Asset Management LLC bought a new stake in McCormick & Company, Incorporated during the second quarter valued at about $25,000. Finally, Union Savings Bank bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $36,000. 79.74% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares in the company, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $52.11 on Friday. The firm’s 50-day moving average is $52.92 and its 200-day moving average is $53.20. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 2.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.08 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, July 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.

Analyst Ratings Changes

A number of research firms have recently commented on MKC. TD Cowen dropped their price objective on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Jefferies Financial Group cut their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.50.

McCormick & Company, Incorporated Company Profile

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.