McCormick & Company (NYSE: MKC) is a global leader in spices, seasonings, and flavor solutions, serving both consumer and industrial customers worldwide. Shares recently traded around $68/share, giving the company a market capitalization of roughly $18.4B.
After a period of weaker stock performance, McCormick & Company remains widely held by long-term institutional investors. Reviewing who owns the stock and how insiders have been trading helps provide insight into how confidence may be shaping up around the company’s earnings outlook, balance sheet, and long-term cash flow profile.
Who Are McCormick & Company’s Top Shareholders?
McCormick & Company’s shareholder base is led by large asset managers and insurance companies. These investors typically hold through market cycles, which can help support ownership stability even during periods of stock volatility.
- The Vanguard Group: 32.25M shares (12.73%), ~$2.21B value. Cut 66,079 shares (0.20%).
- State Farm Insurance Companies: 17.38M shares (6.86%), ~$1.19B value. Holdings unchanged.
- State Street Investment Management: 15.52M shares (6.13%), ~$1.06B value. Added 747,844 shares (5.06%).
- BlackRock Institutional Trust Company: 13.68M shares (5.40%), ~$938M value. Added 621,050 shares (4.76%).
- Geode Capital Management: 6.45M shares (2.55%), ~$442M value. Added 73,358 shares (1.15%).
- T. Rowe Price Investment Management: 6.06M shares (2.39%), ~$416M value. Added 625,483 shares (11.51%).
- Invesco Capital Management: 3.57M shares (1.41%), ~$245M value. Added 350,333 shares (10.87%).
- Norges Bank Investment Management: 3.29M shares (1.30%), ~$225M value. Added 357,618 shares (12.22%).
- Franklin Advisers: 3.09M shares (1.22%), ~$212M value. Cut 162,236 shares (4.99%).
- Citadel Advisors: 2.86M shares (1.13%), ~$196M value. Added 2.42M shares (545.66%).
The mix of modest trims and selective additions suggests institutions remain engaged, though positioning appears measured rather than aggressive, for investors.
Hedge Fund Highlights
One notable move last quarter came from Citadel Advisors, which increased its McCormick & Company position by more than 545%. The firm now holds roughly $196M value of the stock, which appears to reflect a sizable build during a period of share price weakness.
Bridgewater Associates also expanded its exposure sharply, boosting its stake by over 1,500% to about $8M value. While still small relative to the firm’s overall portfolio, the increase suggests rising interest at current valuation levels.
Scopus Asset Management raised its holdings by nearly 191%, bringing its McCormick & Company position to approximately $59M value. The move appears to signal a more constructive view on the company’s earnings durability within consumer staples.
Hudson Bay Capital Management increased its stake by roughly 219%, taking its position to about $7M value, pointing to selective optimism rather than broad-based conviction, for investors.
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McCormick & Company Insider Activity
Insider trades can provide context on how executives and directors may be managing personal exposure. Recent filings for McCormick & Company show mostly small transactions.
- Lawrence Erik Kurzius: Sold and acquired 50,000 shares at prices between ~$50 and ~$66.
- Brendan Foley: Multiple 2-share transactions across several dates.
- Andrew Foust: Multiple 2-share transactions across several dates.
- Margaret Preston: Bought 28 to 30 shares at prices between ~$71 and ~$75.
- Gary Rodkin: Disposed and acquired 1,344 shares.
- Michael Aaron Conway: Disposed and acquired 1,344 shares.
- Terry Thomas: Disposed and acquired 1,344 shares.
These transactions appear small relative to overall ownership and look more administrative than directional, offering limited signaling value, for investors.
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What the Ownership & Insider Trade Data Tell Us
McCormick & Company’s shareholder base remains anchored by large, long-term institutions, which helps provide stability even as some managers adjust exposure. Hedge fund activity looks selective, with certain firms adding meaningfully while others remain cautious.
Insider activity appears muted and fragmented, making it difficult to draw strong conclusions. Overall, the data suggests McCormick & Company continues to be viewed as a steady consumer staples business, though current positioning reflects a balanced outlook as the company works through modest growth expectations and elevated leverage, for investors.
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