State Farm Discloses 3.69% Stake in McCormick & Co Inc
Ticker: MKC-V · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 63754
| Field | Detail |
|---|---|
| Company | Mccormick & CO INC (MKC-V) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Farm still holds a significant 3.69% of McCormick, showing continued passive investment.**
AI Summary
State Farm Mutual Automobile Insurance Company and its affiliate, State Farm Life Insurance Company, have updated their holdings in McCormick & Co Inc. As of December 31, 2023, State Farm Mutual beneficially owns 9,267,439 shares, representing 3.69% of McCormick's Common Stock. This is an amendment (Amendment No. 36) to their previous filings, indicating a slight adjustment in their passive investment. This matters to investors because State Farm is a significant institutional holder, and changes in their stake can signal their long-term confidence (or lack thereof) in McCormick's future performance.
Why It Matters
This filing shows a major institutional investor's current stake, providing insight into their long-term commitment to McCormick, which can influence other investors' perceptions.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate significant risk or opportunity.
Analyst Insight
Investors should note that a major institutional investor like State Farm continues to hold a substantial, albeit passive, stake in McCormick, suggesting long-term stability rather than immediate catalysts or concerns. This filing doesn't indicate any change in investment strategy, so it's more of a confirmation of existing holdings.
Key Numbers
- 9,267,439 — Aggregate Shares Beneficially Owned (Total shares of McCormick & Co Inc Common Stock owned by State Farm Mutual Automobile Insurance Company as of December 31, 2023.)
- 3.69 % — Percent of Class (The percentage of McCormick & Co Inc's Common Stock beneficially owned by State Farm Mutual Automobile Insurance Company.)
- December 31, 2023 — Date of Event (The date as of which the beneficial ownership is being reported in this filing.)
- 9,204,544 — Sole Voting Power (Shares over which State Farm Mutual Automobile Insurance Company has sole voting power.)
- 62,895 — Shared Voting Power (Shares over which State Farm Mutual Automobile Insurance Company has shared voting power.)
Key Players & Entities
- State Farm Mutual Automobile Insurance Company (company) — reporting person and beneficial owner of McCormick shares
- MCCORMICK & CO INC (company) — the issuer of the securities being reported
- State Farm Life Insurance Company (company) — affiliate reporting person and beneficial owner of McCormick shares
- Illinois (place) — place of organization for State Farm Mutual Automobile Insurance Company
Forward-Looking Statements
- State Farm will maintain a significant, passive stake in McCormick & Co Inc. (State Farm Mutual Automobile Insurance Company) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company, as indicated in the 'Name of Reporting Person' sections on pages 2 and 3 of the Schedule 13G.
What is the total aggregate amount of McCormick & Co Inc shares beneficially owned by State Farm Mutual Automobile Insurance Company as of the reporting date?
As of December 31, 2023, State Farm Mutual Automobile Insurance Company beneficially owned an aggregate of 9,267,439 shares of McCormick & Co Inc, as stated in Row 9 on page 2 of the Schedule 13G.
What percentage of McCormick & Co Inc's Common Stock does State Farm Mutual Automobile Insurance Company own?
State Farm Mutual Automobile Insurance Company owns 3.69% of the class of McCormick & Co Inc's Common Stock, as reported in Row 11 on page 2 of the Schedule 13G.
What was the 'Date of Event' that required this filing?
The 'Date of Event which Requires Filing of Statement' was December 31, 2023, as specified on page 1 of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'x' in the appropriate box on page 1 of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding MCCORMICK & CO INC (MKC-V).