Broderick Brian C Has $5.69 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Broderick Brian C grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 11.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,097 shares of the company's stock after purchasing an additional 7,320 shares during the period. Broderick Brian C's holdings in McCormick & Company, Incorporated were worth $5,687,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Savvy Advisors Inc. bought a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $466,000. Somerville Kurt F boosted its position in 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 during the period. DJE Kapital AG bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $4,228,000. SBI Securities Co. Ltd. bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $234,000. Finally, Dempze Nancy E increased its holdings in shares of McCormick & Company, Incorporated by 28.4% during the fourth quarter. Dempze Nancy E now owns 26,337 shares of the company's stock valued at $2,008,000 after purchasing an additional 5,833 shares during the period. 79.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Katherine Jenkins sold 7,642 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now directly owns 247,437 shares in the company, valued at $20,242,820.97. The trade was a 16.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,392 shares of company stock valued at $4,898,101 in the last three months. Insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Trading Up 0.3%

NYSE MKC traded up $0.19 on Wednesday, hitting $73.15. 1,881,643 shares of the company were exchanged, compared to its average volume of 2,042,999. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.65 and a quick ratio of 0.25. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The firm has a market capitalization of $19.62 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 3.72 and a beta of 0.68. The company's 50 day moving average price is $74.50 and its 200-day moving average price is $76.92.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.63% and a net margin of 11.67%. The company's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. Analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

MKC has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating for the company in a research report on Tuesday. UBS Group began coverage on shares of McCormick & Company, Incorporated in a research note on Monday. They set a "neutral" rating and a $83.00 price objective on the stock. Finally, Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average target price of $84.13.

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.