McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,202 shares of the company's stock after purchasing an additional 10,482 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of McCormick & Company, Incorporated worth $34,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKC. Curio Wealth LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $30,000. Twin Tree Management LP acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $33,000. Ameriflex Group Inc. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $33,000. Lee Danner & Bass Inc. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $37,000. Finally, Parvin Asset Management LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total value of $4,090,500.00. Following the transaction, the director now directly owns 247,437 shares in the company, valued at approximately $20,242,820.97. This trade represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at $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. Insiders have sold 60,392 shares of company stock worth $4,898,101 over the last 90 days. 23.80% of the stock is owned by company insiders.

McCormick & Company, Incorporated Trading Up 0.1%

MKC traded up $0.09 during trading on Friday, reaching $72.64. 3,262,713 shares of the stock traded hands, compared to its average volume of 2,049,882. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $19.48 billion, a PE ratio of 24.79, a P/E/G ratio of 3.76 and a beta of 0.74. The stock's 50-day moving average is $75.52 and its 200 day moving average is $77.12. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.61 billion. During the same period last year, the company posted $0.63 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.86%.

Analyst Upgrades and Downgrades

Separately, Argus lowered 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 given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.14.

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.