Dempze Nancy E raised its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 30.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 34,300 shares of the company's stock after acquiring an additional 7,963 shares during the period. McCormick & Company, Incorporated comprises 1.7% of Dempze Nancy E's portfolio, making the stock its 25th biggest position. Dempze Nancy E's holdings in McCormick & Company, Incorporated were worth $2,823,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. lifted its holdings in McCormick & Company, Incorporated by 2.8% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock valued at $382,000 after purchasing an additional 137 shares during the last quarter. Sage Capital Advisors llc grew its holdings in McCormick & Company, Incorporated by 2.8% during the first quarter. Sage Capital Advisors llc now owns 5,017 shares of the company's stock worth $413,000 after acquiring an additional 137 shares during the period. Bessemer Group Inc. raised its position in McCormick & Company, Incorporated by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 43,002 shares of the company's stock valued at $3,278,000 after purchasing an additional 139 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 1.8% in the 1st quarter. ST Germain D J Co. Inc. now owns 7,810 shares of the company's stock valued at $643,000 after purchasing an additional 140 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 1.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company's stock worth $912,000 after purchasing an additional 146 shares during the period. Institutional investors own 79.74% of the company's stock.
McCormick & Company, Incorporated Stock Down 0.2%
Shares of McCormick & Company, Incorporated stock opened at $72.38 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. The firm has a market cap of $19.42 billion, a PE ratio of 25.13, a P/E/G ratio of 3.40 and a beta of 0.68. McCormick & Company, Incorporated has a 52-week low of $69.98 and a 52-week high of $86.24. The business's 50 day simple moving average is $73.69 and its 200 day simple moving average is $76.14.
McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.
McCormick & Company, Incorporated Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.49%. The ex-dividend date was Monday, July 7th. McCormick & Company, Incorporated's payout ratio is currently 62.50%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on MKC shares. Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group initiated coverage on shares of McCormick & Company, Incorporated in a research note on Monday, June 16th. They issued a "neutral" rating and a $83.00 target price on the stock. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Citigroup decreased their target price on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating for the company in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $84.13.
View Our Latest Research Report on McCormick & Company, Incorporated
Insider Transactions at McCormick & Company, Incorporated
In other news, insider Katherine Jenkins sold 7,642 shares of the company's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 23.80% of the company's stock.
McCormick & Company, Incorporated Company Profile
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Free Report)
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.
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