TCV Trust & Wealth Management 13F: Exits McCormick (MKC) Stake

In a filing on October 16, 2026, TCV Trust & Wealth Management disclosed it sold its entire stake in McCormick & Company (NYSE: MKC), cutting 4,780 shares to end with none. The previous value of this position was not reported, but the current share price is approximately $46.23.

What Changed in TCV Trust & Wealth Management's McCormick Position

TCV Trust & Wealth Management sold out of its McCormick position, reducing its share count from 4,780 to 0. This marks a complete exit from the investment.

Other Institutional Activity in McCormick

Blackrock Inc. trimmed its holdings by 325,499 shares, bringing its total to 20,948,941 shares valued at about $970.98 million. Vanguard Capital Management LLC added 95,768 shares for a total of 16,607,445 shares worth approximately $769.76 million. State Farm Mutual Automobile Insurance Co maintained its position with 16,522,728 shares valued at around $765.83 million, while State Street Corporation reduced its stake by 18,414 shares, holding 15,326,182 shares valued at about $710.37 million. Vanguard Portfolio Management LLC likewise cut its holdings slightly, reducing its count by 13,865 shares to 13,850,739 shares, worth about $641.98 million.

McCormick & Company, Incorporated Stock Up 1.1%

Shares of McCormick recently traded around $46.23, which is below its 50-day moving average of $50.59 and its 200-day average of $54.45. The stock is currently 36.2% beneath its 52-week high of $72.41, but about 6.9% above its 52-week low of $43.25.

Recent Earnings

For its trailing twelve months, McCormick reported a revenue of approximately $7.69 billion and earnings per share (EPS) of $5.53. The company is scheduled to report its next earnings on January 21, 2027.

Insider Buying and Selling at McCormick & Company, Incorporated

Insider trading activity at McCormick includes Chief Human Relations Officer Sarah Piper and CEO Brendan Foley, who both bought shares on June 16 and June 29, 2026. Piper purchased 54 shares at an average price of $47.19, totaling around $2,548.26. Foley acquired 53 shares on the same date for about $2,501.07, and later bought 48 shares at $52.06, spending about $2,498.88.

Analysts Set New Price Targets

On October 2, 2026, Barclays maintained an 'Equal-Weight' rating for McCormick with a price target of $47.00, down from $55.00. UBS also held a 'Neutral' rating with a target of $48.00, down from $52.00. BNP Paribas maintained an 'Outperform' rating, adjusting its target from $75.00 to $65.00. TD Cowen and Stifel both maintained 'Hold' ratings, with targets of $48.00, down from $55.00.

About McCormick & Company

McCormick & Company, Incorporated manufactures and distributes a wide variety of culinary products, including herbs, spices, seasonings, sauces, and condiments. This pivotal move by TCV Trust & Wealth Management may indicate shifting views on the company's prospects, especially given the recent performance of its stock.

Bottom Line

TCV Trust & Wealth Management's sale of its entire McCormick position reflects past performance as of the filing date and may not represent current holdings. The stock will be one to watch as it approaches its next earnings date on January 21, 2027, amid mixed analyst ratings and price targets.