McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 98.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,954 shares of the company's stock after selling 172,180 shares during the quarter. Mather Group LLC.'s holdings in McCormick & Company, Incorporated were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. lifted its holdings in McCormick & Company, Incorporated by 2.8% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock worth $382,000 after buying an additional 137 shares in the last quarter. Sage Capital Advisors llc lifted its stake 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 worth $413,000 after acquiring an additional 137 shares in the last quarter. Bessemer Group Inc. lifted its stake 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 worth $3,278,000 after acquiring an additional 139 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in 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 purchasing an additional 140 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its stake in McCormick & Company, Incorporated by 1.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company's stock valued at $912,000 after purchasing an additional 146 shares in the last quarter. 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.80% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC traded down $1.29 during trading on Friday, reaching $75.28. 1,785,186 shares of the company's stock traded hands, compared to its average volume of 2,054,643. The stock has a market capitalization of $20.20 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.61 and a beta of 0.68. McCormick & Company, Incorporated has a 12 month low of $69.00 and a 12 month high of $86.24. The company has a 50 day moving average of $74.41 and a 200-day moving average of $76.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.27.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share for the quarter, beating 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 firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors 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 dividend yield of 2.39%. McCormick & Company, Incorporated's dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MKC shares. Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Citigroup reduced their price objective on shares of 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. Wall Street Zen raised shares of McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday. Finally, UBS Group assumed 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average price target of $84.13.

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.