McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 52.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,003,478 shares of the company's stock after acquiring an additional 347,141 shares during the period. Boston Trust Walden Corp owned approximately 0.37% of McCormick & Company, Incorporated worth $82,596,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $30,000. Salem Investment Counselors Inc. lifted its stake in shares of McCormick & Company, Incorporated by 610.9% in the first quarter. Salem Investment Counselors Inc. now owns 391 shares of the company's stock worth $32,000 after acquiring an additional 336 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Ameriflex Group Inc. acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group assumed coverage on McCormick & Company, Incorporated in a research note on Monday. They issued a "neutral" rating and a $83.00 price target on the stock. Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Citigroup cut their price target on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $84.13.

McCormick & Company, Incorporated Stock Down 0.3%

McCormick & Company, Incorporated stock traded down $0.23 during midday trading on Friday, hitting $72.98. The stock had a trading volume of 2,803,694 shares, compared to its average volume of 2,047,025. The stock has a market cap of $19.57 billion, a P/E ratio of 25.08, a P/E/G ratio of 3.68 and a beta of 0.68. The business has a fifty day moving average price of $74.40 and a 200 day moving average price of $76.86. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24. The company has a current ratio of 0.65, a quick ratio of 0.25 and a debt-to-equity ratio of 0.57.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted 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 the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.67% and a return on equity of 14.63%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.86%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the sale, the director now owns 247,437 shares of the company's stock, valued at $20,242,820.97. This trade represents a 16.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,392 shares of company stock valued at $4,898,101 in the last three months. 23.80% of the stock is currently owned by corporate insiders.

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.