Cary Street Partners Financial LLC Makes New $564,000 Investment in McCormick & Company, Incorporated (NYSE:MKC)

Cary Street Partners Financial LLC purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,403 shares of the company's stock, valued at approximately $564,000.

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

Wall Street Analysts Forecast Growth

MKC has been the topic of several recent research reports. Barclays cut their target price 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. Argus lowered McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $83.14.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was 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 in the company, valued at approximately $184,497.72. This trade represents a 54.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,842 shares of company stock worth $6,478,332. Company insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded down $0.12 during trading on Friday, hitting $76.10. The company's stock had a trading volume of 1,490,324 shares, compared to its average volume of 1,974,140. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The firm has a market cap of $20.41 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The firm has a 50 day moving average price of $78.03 and a 200 day moving average price of $77.58. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders 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 dividend yield of 2.37%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

McCormick & Company, Incorporated 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.