American National Bank & Trust Invests $661,000 in McCormick & Company, Incorporated (NYSE:MKC)

American National Bank & Trust purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 8,026 shares of the company's stock, valued at approximately $661,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKC. Norges Bank bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $223,202,000. Select Equity Group L.P. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $104,863,000. Balyasny Asset Management L.P. boosted its position in McCormick & Company, Incorporated by 47.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,843,273 shares of the company's stock worth $216,771,000 after buying an additional 915,807 shares during the period. Northern Trust Corp boosted its position in McCormick & Company, Incorporated by 16.8% during the 4th quarter. Northern Trust Corp now owns 3,693,239 shares of the company's stock worth $281,573,000 after buying an additional 531,060 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in McCormick & Company, Incorporated by 88.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 879,260 shares of the company's stock worth $67,035,000 after buying an additional 412,074 shares during the period. 79.74% of the stock is owned by institutional investors.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now owns 247,437 shares in the company, valued at approximately $20,242,820.97. The trade was a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,392 shares of company stock worth $4,898,101 in the last quarter. Company insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Trading Down 0.5%

Shares of NYSE MKC traded down $0.37 during midday trading on Thursday, reaching $72.87. The stock had a trading volume of 1,589,792 shares, compared to its average volume of 2,035,806. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. 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 company's 50 day moving average price is $74.86 and its 200 day moving average price is $77.08.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released 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). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm's revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.47%. McCormick & Company, Incorporated's payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

Separately, Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.