McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lowered its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,228 shares of the company's stock after selling 6,921 shares during the period. McCormick & Company, Incorporated makes up approximately 1.8% of Mcdaniel Terry & Co.'s investment portfolio, making the stock its 23rd biggest position. Mcdaniel Terry & Co. owned 0.09% of McCormick & Company, Incorporated worth $20,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Curio Wealth LLC purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $30,000. Salem Investment Counselors Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 610.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 391 shares of the company's stock worth $32,000 after acquiring an additional 336 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Ameriflex Group Inc. bought a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded up $1.38 on Tuesday, hitting $77.20. The company's stock had a trading volume of 3,057,312 shares, compared to its average volume of 2,051,664. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.82 and a beta of 0.68. McCormick & Company, Incorporated has a 1 year low of $69.00 and a 1 year high of $86.24. The firm has a fifty day moving average price of $74.37 and a 200-day moving average price of $76.60. 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 (NYSE:MKC - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Monday, July 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

Analysts Set New Price Targets

MKC has been the topic of a number of recent analyst reports. UBS Group started coverage on 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. Citigroup lowered their price target 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, June 17th. Finally, Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $84.13.

Insider Activity at McCormick & Company, Incorporated

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