Savoir Faire Capital Management L.P. Has $2.39 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Savoir Faire Capital Management L.P. decreased its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 43.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,072 shares of the company's stock after selling 22,527 shares during the quarter. McCormick & Company, Incorporated accounts for about 2.1% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 20th largest holding. Savoir Faire Capital Management L.P.'s holdings in McCormick & Company, Incorporated were worth $2,393,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. lifted its stake in McCormick & Company, Incorporated by 2.8% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock worth $382,000 after purchasing an additional 137 shares in the last quarter. Sage Capital Advisors llc lifted its stake in McCormick & Company, Incorporated by 2.8% during the first quarter. Sage Capital Advisors llc now owns 5,017 shares of the company's stock worth $413,000 after purchasing an additional 137 shares in the last quarter. Bessemer Group Inc. lifted 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 purchasing an additional 139 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in 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 worth $643,000 after purchasing an additional 140 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in McCormick & Company, Incorporated by 1.3% during the first quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company's stock worth $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.

McCormick & Company, Incorporated Stock Down 0.4%

Shares of McCormick & Company, Incorporated stock traded down $0.29 during midday trading on Friday, reaching $71.43. 1,422,943 shares of the company's stock traded hands, compared to its average volume of 2,060,233. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 3.43 and a beta of 0.68. The company's 50 day simple moving average is $73.69 and its 200 day simple moving average is $76.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. McCormick & Company, Incorporated has a 52 week low of $69.98 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Thursday, June 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Monday, July 7th. McCormick & Company, Incorporated's dividend payout ratio is 62.50%.

Analyst Ratings Changes

Several equities analysts have issued reports on MKC shares. Wall Street Zen raised McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Argus lowered McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Citigroup dropped their price objective on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a report on Tuesday, June 17th. Finally, UBS Group began coverage on McCormick & Company, Incorporated in a report on Monday, June 16th. They set a "neutral" rating and a $83.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $84.13.

Insider Activity at McCormick & Company, Incorporated

In other news, insider Katherine Jenkins sold 7,642 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 23.80% of the stock is currently owned by corporate insiders.

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.