Delaney Dennis R Acquires 5,715 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Delaney Dennis R raised its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,695 shares of the company's stock after acquiring an additional 5,715 shares during the quarter. Delaney Dennis R's holdings in McCormick & Company, Incorporated were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,737,310 shares of the company's stock valued at $2,419,653,000 after purchasing an additional 303,973 shares in the last quarter. Geode Capital Management LLC increased its position in shares of McCormick & Company, Incorporated by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,024,666 shares of the company's stock valued at $458,114,000 after acquiring an additional 137,679 shares during the last quarter. Northern Trust Corp grew its holdings in McCormick & Company, Incorporated by 16.8% during the fourth quarter. Northern Trust Corp now owns 3,693,239 shares of the company's stock worth $281,573,000 after purchasing an additional 531,060 shares during the period. Voya Investment Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 10.2% in the fourth quarter. Voya Investment Management LLC now owns 3,530,972 shares of the company's stock valued at $269,060,000 after purchasing an additional 326,041 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,215,030 shares of the company's stock worth $245,114,000 after acquiring an additional 190,856 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $76.38, for a total transaction of $583,695.96. The sale was disclosed in a filing with the SEC, which is available through this link. 23.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on McCormick & Company, Incorporated in a report on Monday, June 16th. They set a "neutral" rating and a $83.00 price objective for the company. Wall Street Zen upgraded McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Citigroup cut their price objective on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $84.13.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock traded up $0.17 during trading on Friday, hitting $71.62. The stock had a trading volume of 1,974,295 shares, compared to its average volume of 2,201,190. The stock's 50 day moving average is $73.37 and its two-hundred day moving average is $76.02. McCormick & Company, Incorporated has a 1 year low of $69.98 and a 1 year high of $86.24. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 3.44 and a beta of 0.68. The company has a quick ratio of 0.27, a current ratio of 0.68 and a debt-to-equity ratio of 0.55.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. As a group, analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a $0.45 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 62.50%.

About McCormick & Company, Incorporated

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.