Focus Partners Advisor Solutions LLC Grows Position in McCormick & Company, Incorporated (NYSE:MKC)

Focus Partners Advisor Solutions LLC grew its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 69.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,548 shares of the company's stock after buying an additional 5,945 shares during the period. Focus Partners Advisor Solutions LLC's holdings in McCormick & Company, Incorporated were worth $1,109,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Curio Wealth LLC acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $30,000. Albion Financial Group UT purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Twin Tree Management LP purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $37,000. Finally, Parvin Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth $38,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MKC shares. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Barclays decreased their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $83.14.

Insider Transactions at McCormick & Company, Incorporated

In other news, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at $184,497.72. This trade represents a 54.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Katherine Jenkins sold 7,642 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $76.38, for a total transaction of $583,695.96. The disclosure for this sale can be found here. Insiders sold a total of 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 company insiders.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded down $0.18 during mid-day trading on Friday, reaching $71.13. 3,700,794 shares of the stock were exchanged, compared to its average volume of 2,033,496. The company has a market capitalization of $19.08 billion, a P/E ratio of 24.28, a P/E/G ratio of 3.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The business's 50 day moving average is $76.39 and its 200-day moving average is $77.30. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $1.61 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The company's revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced 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 2.53%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is 61.86%.

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.