Whittier Trust Co. Has $498,000 Position in McCormick & Company, Incorporated (NYSE:MKC)

Whittier Trust Co. lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,046 shares of the company's stock after selling 4,668 shares during the quarter. Whittier Trust Co.'s holdings in McCormick & Company, Incorporated were worth $498,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of McCormick & Company, Incorporated by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,737,310 shares of the company's stock valued at $2,419,653,000 after buying an additional 303,973 shares during the period. Geode Capital Management LLC raised its position in shares of McCormick & Company, Incorporated by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,024,666 shares of the company's stock worth $458,114,000 after acquiring an additional 137,679 shares in the last quarter. Northern Trust Corp increased its position in McCormick & Company, Incorporated by 16.8% during the 4th quarter. Northern Trust Corp now owns 3,693,239 shares of the company's stock valued at $281,573,000 after buying an additional 531,060 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 10.2% in the 4th quarter. Voya Investment Management LLC now owns 3,530,972 shares of the company's stock worth $269,060,000 after purchasing an additional 326,041 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of McCormick & Company, Incorporated by 6.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,215,030 shares of the company's stock worth $245,114,000 after purchasing an additional 190,856 shares in the last quarter. Institutional investors own 79.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MKC shares. Wall Street Zen raised McCormick & Company, Incorporated from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Citigroup reduced their price target on McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 17th. Argus downgraded McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, UBS Group began coverage on shares of McCormick & Company, Incorporated in a report on Monday, June 16th. They issued a "neutral" rating and a $83.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $84.13.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, 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 value of $583,695.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Stock Up 0.6%

MKC opened at $71.81 on Friday. The firm's 50-day simple moving average is $73.79 and its 200-day simple moving average is $76.18. The firm has a market cap of $19.27 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. McCormick & Company, Incorporated has a twelve month low of $69.98 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%. The company's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 62.50%.

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.

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