McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,383 shares of the company's stock after selling 4,070 shares during the period. New Age Alpha Advisors LLC's holdings in McCormick & Company, Incorporated were worth $2,830,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 1st quarter worth $30,000. Salem Investment Counselors Inc. lifted its holdings in McCormick & Company, Incorporated by 610.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 391 shares of the company's stock worth $32,000 after buying an additional 336 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Stonebridge Financial Group LLC boosted its position in shares of McCormick & Company, Incorporated by 101.0% during the 1st quarter. Stonebridge Financial Group LLC now owns 402 shares of the company's stock worth $33,000 after acquiring an additional 202 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MKC shares. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. UBS Group started coverage on shares of McCormick & Company, Incorporated in a research note on Monday, June 16th. They issued a "neutral" rating and a $83.00 price objective for the company. Wall Street Zen raised McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Citigroup reduced their target price on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating for the company in a report on Tuesday, June 17th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of "Hold" and a consensus target price of $83.00.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the company'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC traded up $0.13 on Friday, reaching $70.37. The company's stock had a trading volume of 1,466,125 shares, compared to its average volume of 1,991,606. McCormick & Company, Incorporated has a 52-week low of $69.13 and a 52-week high of $86.24. The stock has a market capitalization of $18.89 billion, a P/E ratio of 24.43, a PEG ratio of 3.38 and a beta of 0.66. The stock's 50-day moving average is $73.05 and its two-hundred day moving average is $75.86. 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 posted its quarterly earnings data on Thursday, June 26th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business 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 forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, July 7th. McCormick & Company, Incorporated's payout ratio is currently 62.50%.

McCormick & Company, Incorporated Company 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.