Free Trial

Deutsche Bank AG Has $97.03 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

McCormick & Company, Incorporated logo with Consumer Staples background

Key Points

  • Deutsche Bank AG has reduced its stake in McCormick & Company by 1.3%, now holding 1,178,775 shares valued at approximately $97.03 million.
  • Recent analyst reports have mixed sentiments, with target price adjustments; Stifel Nicolaus lowered their target from $82.00 to $76.00 and Citigroup decreased theirs from $80.00 to $77.00.
  • McCormick & Company recently announced a quarterly dividend of $0.45 per share, representing a dividend yield of 2.6%.
  • Want stock alerts on McCormick & Company, Incorporated? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Deutsche Bank AG reduced its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,178,775 shares of the company's stock after selling 15,442 shares during the period. Deutsche Bank AG owned 0.44% of McCormick & Company, Incorporated worth $97,025,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EagleClaw Capital Managment LLC lifted its holdings in shares of McCormick & Company, Incorporated by 0.4% during the 1st quarter. EagleClaw Capital Managment LLC now owns 36,670 shares of the company's stock worth $3,018,000 after acquiring an additional 135 shares during the period. Sage Capital Advisors llc raised its position in shares of McCormick & Company, Incorporated by 2.8% in the 1st quarter. Sage Capital Advisors llc now owns 5,017 shares of the company's stock worth $413,000 after acquiring an additional 137 shares in the last quarter. Bessemer Group Inc. boosted its stake in McCormick & Company, Incorporated by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 43,002 shares of the company's stock worth $3,278,000 after acquiring an additional 139 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of McCormick & Company, Incorporated by 1.8% during the first quarter. ST Germain D J Co. Inc. now owns 7,810 shares of the company's stock valued at $643,000 after acquiring an additional 140 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 1.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company's stock worth $912,000 after acquiring an additional 146 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen upgraded McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a research 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. Finally, Citigroup decreased their price target on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating for the company in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $83.00.

Read Our Latest Report on McCormick & Company, Incorporated

McCormick & Company, Incorporated Stock Up 0.2%

Shares of MKC opened at $70.37 on Monday. The company has a market capitalization of $18.89 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.38 and a beta of 0.66. The business's 50 day moving average is $73.05 and its 200 day moving average is $75.89. The company has a current ratio of 0.68, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55. McCormick & Company, Incorporated has a 12-month low of $69.13 and a 12-month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $0.69 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, July 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 62.50%.

McCormick & Company, Incorporated Profile

(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.

Read More

Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in McCormick & Company, Incorporated Right Now?

Before you consider McCormick & Company, Incorporated, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McCormick & Company, Incorporated wasn't on the list.

While McCormick & Company, Incorporated currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines