Kintegral Advisory LLC Sells 3,796 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Kintegral Advisory LLC reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 32.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,735 shares of the company's stock after selling 3,796 shares during the period. Kintegral Advisory LLC's holdings in McCormick & Company, Incorporated were worth $637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hazlett Burt & Watson Inc. lifted its position in shares of McCormick & Company, Incorporated by 2.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock valued at $382,000 after buying an additional 137 shares during the last quarter. Sage Capital Advisors llc lifted its position in shares of McCormick & Company, Incorporated by 2.8% in the first quarter. Sage Capital Advisors llc now owns 5,017 shares of the company's stock valued at $413,000 after buying an additional 137 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of 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 buying an additional 139 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of McCormick & Company, Incorporated by 1.8% in the first quarter. ST Germain D J Co. Inc. now owns 7,810 shares of the company's stock valued at $643,000 after buying an additional 140 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of McCormick & Company, Incorporated by 1.3% in the first quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company's stock valued at $912,000 after buying an additional 146 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MKC shares. Citigroup cut their price objective 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. UBS Group assumed coverage on McCormick & Company, Incorporated in a research report on Monday, June 16th. They issued a "neutral" rating and a $83.00 price objective for the company. Wall Street Zen raised McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated has an average rating of "Hold" and an average price target of $84.13.

Insider Activity

In other news, insider Katherine Jenkins sold 7,642 shares of McCormick & Company, Incorporated stock in a transaction on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded down $0.51 during mid-day trading on Tuesday, hitting $72.88. 3,257,188 shares of the stock were exchanged, compared to its average volume of 2,067,456. The firm's 50-day simple moving average is $74.32 and its 200 day simple moving average is $76.44. McCormick & Company, Incorporated has a fifty-two week low of $69.00 and a fifty-two week high of $86.24. 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 stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 3.53 and a beta of 0.68.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.69 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $0.69 EPS. The company's revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.47%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 62.50%.

McCormick & Company, Incorporated Company 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.