Siemens Fonds Invest GmbH Has $32,000 Stake in McCormick & Company, Incorporated (NYSE:MKC)

Siemens Fonds Invest GmbH lessened its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 91.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 419 shares of the company's stock after selling 4,263 shares during the period. Siemens Fonds Invest GmbH's holdings in McCormick & Company, Incorporated were worth $32,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Curio Wealth LLC bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at $30,000. Ameriflex Group Inc. acquired a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $33,000. Twin Tree Management LP bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Lee Danner & Bass Inc. bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $37,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth about $38,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 247,437 shares in the company, valued at $20,242,820.97. This represents a 16.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the sale, the vice president now directly owns 2,266 shares in the company, valued at approximately $184,497.72. This represents a 54.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,392 shares of company stock valued at $4,898,101. Corporate insiders own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus lowered 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, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.14.

McCormick & Company, Incorporated Stock Up 1.0%

Shares of MKC traded up $0.72 during midday trading on Monday, hitting $73.45. The stock had a trading volume of 3,129,366 shares, compared to its average volume of 2,046,030. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The company has a 50 day simple moving average of $75.52 and a two-hundred day simple moving average of $77.14. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

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

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.86%.

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.