Aptus Capital Advisors LLC Has $12.78 Million Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Aptus Capital Advisors LLC raised its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 3,162.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,580 shares of the company's stock after acquiring an additional 162,444 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.06% of McCormick & Company, Incorporated worth $12,776,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of McCormick & Company, Incorporated by 8.9% in the third quarter. Principal Financial Group Inc. now owns 308,903 shares of the company's stock valued at $25,423,000 after buying an additional 25,278 shares during the last quarter. Everence Capital Management Inc. lifted its position in shares of McCormick & Company, Incorporated by 73.9% during the fourth quarter. Everence Capital Management Inc. now owns 10,590 shares of the company's stock worth $807,000 after purchasing an additional 4,500 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of McCormick & Company, Incorporated by 10.0% in the 4th quarter. Nordea Investment Management AB now owns 21,507 shares of the company's stock valued at $1,641,000 after purchasing an additional 1,955 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in shares of McCormick & Company, Incorporated by 24.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 7,670 shares of the company's stock valued at $585,000 after purchasing an additional 1,530 shares during the period. Finally, Jacobs & Co. CA raised its holdings in McCormick & Company, Incorporated by 2.1% during the fourth quarter. Jacobs & Co. CA now owns 149,685 shares of the company's stock worth $11,411,000 after purchasing an additional 3,020 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the sale, the vice president now owns 2,266 shares of the company's stock, valued at $184,497.72. The trade was a 54.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the transaction, the director now directly owns 247,437 shares of the company's stock, valued at $20,242,820.97. This represents a 16.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,842 shares of company stock worth $6,478,332 over the last ninety days. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

MKC traded up $0.15 during midday trading on Friday, reaching $76.37. 511,748 shares of the company's stock were exchanged, compared to its average volume of 1,962,135. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $78.15 and a two-hundred day simple moving average of $77.62. The firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The company's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is presently 61.86%.

Analysts Set New Price Targets

MKC has been the topic of several analyst reports. Barclays dropped their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated has an average rating of "Hold" and a consensus target price of $83.14.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.