Thurston Springer Miller Herd & Titak Inc. Has $1.66 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Thurston Springer Miller Herd & Titak Inc. lifted its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 34.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,109 shares of the company's stock after acquiring an additional 5,182 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in McCormick & Company, Incorporated were worth $1,655,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, insider Katherine Jenkins sold 7,642 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated 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 completion of the sale, the vice president now owns 2,266 shares in the company, valued at $184,497.72. The trade was a 54.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,392 shares of company stock valued at $4,898,101 in the last quarter. 23.80% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Stock Up 1.8%

Shares of NYSE:MKC traded up $1.31 during midday trading on Friday, reaching $74.22. 2,248,803 shares of the company were exchanged, compared to its average volume of 2,036,654. The firm has a market cap of $19.90 billion, a PE ratio of 25.33, a P/E/G ratio of 3.76 and a beta 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 stock has a fifty day simple moving average of $74.86 and a two-hundred day simple moving average of $77.08. 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 (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.86%.

Analysts Set New Price Targets

Separately, Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note 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. According to MarketBeat, the stock presently 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.