Teza Capital Management LLC Has $679,000 Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Teza Capital Management LLC lowered its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 58.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,906 shares of the company's stock after selling 12,491 shares during the period. Teza Capital Management LLC's holdings in McCormick & Company, Incorporated were worth $679,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katherine Jenkins sold 7,642 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $76.38, for a total value of $583,695.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,392 shares of company stock worth $4,898,101. Insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $74.30 on Tuesday. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 3.76 and a beta of 0.74. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The stock has a fifty day simple moving average of $77.09 and a 200 day simple moving average of $77.45.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the firm posted $0.63 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.45 dividend. The ex-dividend date was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.42%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.86%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Argus cut shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Finally, Barclays lowered their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $83.14.

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.

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