BI Asset Management Fondsmaeglerselskab A S Has $974,000 Stake in McCormick & Company, Incorporated (NYSE:MKC)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,769 shares of the company's stock after selling 4,372 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in McCormick & Company, Incorporated were worth $974,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Private Wealth Advisors LLC boosted its position in shares of McCormick & Company, Incorporated by 3.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock worth $276,000 after acquiring an additional 136 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in McCormick & Company, Incorporated by 2.8% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock worth $382,000 after purchasing an additional 137 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of McCormick & Company, Incorporated by 1.7% in the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock valued at $641,000 after purchasing an additional 138 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of McCormick & Company, Incorporated by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 43,002 shares of the company's stock valued at $3,278,000 after purchasing an additional 139 shares during the last quarter. Finally, Hunter Associates Investment Management LLC increased its stake in shares of McCormick & Company, Incorporated by 1.2% in the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock valued at $954,000 after purchasing an additional 153 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the sale, the director now owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This represents a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total value of $223,905.00. Following the sale, the vice president now owns 2,266 shares of the company's stock, valued at approximately $184,497.72. The trade was a 54.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,842 shares of company stock valued at $6,478,332. 23.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on MKC shares. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Barclays dropped their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a 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 stock an "underweight" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.14.

McCormick & Company, Incorporated Trading Up 0.6 %

Shares of NYSE:MKC traded up $0.43 during mid-day trading on Tuesday, reaching $75.14. 284,937 shares of the company's stock were exchanged, compared to its average volume of 1,953,335. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.76 and a beta of 0.75. The business's fifty day moving average price is $79.11 and its 200-day moving average price is $77.85.

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

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is presently 61.86%.

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.