CANADA LIFE ASSURANCE Co Has $19.14 Million Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

CANADA LIFE ASSURANCE Co lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,143 shares of the company's stock after acquiring an additional 32,865 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.09% of McCormick & Company, Incorporated worth $19,142,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MKC. Curio Wealth LLC bought a new position in McCormick & Company, Incorporated in the fourth quarter valued at approximately $30,000. Albion Financial Group UT bought a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $33,000. Twin Tree Management LP acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth about $33,000. Lee Danner & Bass Inc. bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $37,000. Finally, Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 79.74% of the company's stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the completion of the sale, the director now directly owns 6,177 shares of the company's stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the transaction, the vice president now owns 2,266 shares in the company, valued at $184,497.72. This represents a 54.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,842 shares of company stock worth $6,478,332. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Trading Down 0.6 %

Shares of MKC traded down $0.45 during mid-day trading on Friday, reaching $74.56. 1,256,059 shares of the company were exchanged, compared to its average volume of 1,957,096. The business has a 50 day simple moving average of $79.18 and a two-hundred day simple moving average of $77.91. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock has a market capitalization of $20.00 billion, a PE ratio of 25.45, a PEG ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24.

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

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.86%.

Analyst Ratings Changes

MKC has been the topic of a number of research analyst reports. TD Cowen upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their target price for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus lowered McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. increased their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research report on Friday, January 24th. Finally, Barclays reduced their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.14.

McCormick & Company, Incorporated Company Profile

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.