Nomura Holdings Inc. Has $1.59 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Nomura Holdings Inc. lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,858 shares of the company's stock after purchasing an additional 7,788 shares during the period. Nomura Holdings Inc.'s holdings in McCormick & Company, Incorporated were worth $1,590,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC bought a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $30,000. Albion Financial Group UT acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $33,000. Twin Tree Management LP bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth $33,000. Lee Danner & Bass Inc. acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth $37,000. Finally, Parvin Asset Management LLC acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth $38,000. Institutional investors and hedge funds own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Down 0.8%

NYSE MKC traded down $0.56 during trading on Friday, reaching $70.75. 1,600,540 shares of the company's stock were exchanged, compared to its average volume of 2,018,702. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The company's fifty day simple moving average is $76.59 and its 200-day simple moving average is $77.34. The firm has a market capitalization of $18.97 billion, a PE ratio of 24.16, a P/E/G ratio of 3.76 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. McCormick & Company, Incorporated's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.86%.

Insider Transactions at McCormick & Company, Incorporated

In related news, insider Katherine Jenkins sold 7,642 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $4,090,500.00. Following the transaction, the director now directly owns 247,437 shares in the company, valued at approximately $20,242,820.97. The trade was a 16.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,392 shares of company stock valued at $4,898,101. 23.80% of the stock is owned by insiders.

Analyst Ratings Changes

MKC has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Barclays reduced their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Finally, Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned 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 $83.14.

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.