Quantinno Capital Management LP Buys 12,937 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Quantinno Capital Management LP boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,988 shares of the company's stock after purchasing an additional 12,937 shares during the quarter. Quantinno Capital Management LP's holdings in McCormick & Company, Incorporated were worth $4,878,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Savvy Advisors Inc. acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at approximately $466,000. Somerville Kurt F boosted its stake in shares of McCormick & Company, Incorporated by 34.2% during the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company's stock worth $7,325,000 after acquiring an additional 24,467 shares in the last quarter. DJE Kapital AG purchased a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $4,228,000. SBI Securities Co. Ltd. purchased a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $234,000. Finally, Asset Management One Co. Ltd. grew its stake in McCormick & Company, Incorporated by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock valued at $10,547,000 after acquiring an additional 19,491 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the completion of the sale, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This represents a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the transaction, the vice president now owns 2,266 shares in the company, valued at $184,497.72. The trade was a 54.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,392 shares of company stock worth $4,898,101. 23.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MKC shares. Argus downgraded McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays dropped their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $83.14.

McCormick & Company, Incorporated Stock Performance

MKC stock traded down $0.27 during midday trading on Tuesday, hitting $74.13. 2,054,160 shares of the stock traded hands, compared to its average volume of 2,006,594. The firm has a market cap of $19.88 billion, a P/E ratio of 25.30, a PEG ratio of 3.76 and a beta of 0.74. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The stock's fifty day simple moving average is $76.96 and its 200-day simple moving average is $77.43.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.61 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.86%.

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.