5,271 Shares in McCormick & Company, Incorporated (NYSE:MKC) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,271 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MKC. Curio Wealth LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $30,000. Twin Tree Management LP purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $33,000. Ameriflex Group Inc. purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Lee Danner & Bass Inc. purchased a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $37,000. Finally, Parvin Asset Management LLC bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

Insider Activity

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the sale, the vice president now directly owns 2,266 shares in the company, valued at approximately $184,497.72. The trade was a 54.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katherine Jenkins sold 7,642 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $76.38, for a total transaction of $583,695.96. The disclosure for this sale can be found here. In the last three months, insiders sold 60,392 shares of company stock valued at $4,898,101. Insiders own 23.80% of the company's stock.

Analyst Ratings Changes

Separately, Argus cut shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of "Moderate Buy" and an average price target of $85.50.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC traded down $1.88 during trading on Friday, reaching $73.93. The stock had a trading volume of 1,993,848 shares, compared to its average volume of 2,040,563. The business has a fifty day moving average price of $74.50 and a 200-day moving average price of $77.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock has a market cap of $19.83 billion, a PE ratio of 25.23, a PEG ratio of 3.76 and a beta of 0.68. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is currently 61.86%.

About McCormick & Company, Incorporated

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.