Yousif Capital Management LLC Has $9.94 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Yousif Capital Management LLC raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,791 shares of the company's stock after purchasing an additional 3,783 shares during the period. Yousif Capital Management LLC's holdings in McCormick & Company, Incorporated were worth $9,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKC. Norges Bank bought a new position in McCormick & Company, Incorporated in the fourth quarter worth $223,202,000. Select Equity Group L.P. bought a new position in McCormick & Company, Incorporated in the fourth quarter worth $104,863,000. Balyasny Asset Management L.P. lifted its position in McCormick & Company, Incorporated by 47.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,843,273 shares of the company's stock worth $216,771,000 after purchasing an additional 915,807 shares during the period. Northern Trust Corp lifted its position in McCormick & Company, Incorporated by 16.8% in the fourth quarter. Northern Trust Corp now owns 3,693,239 shares of the company's stock worth $281,573,000 after purchasing an additional 531,060 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in McCormick & Company, Incorporated by 88.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 879,260 shares of the company's stock worth $67,035,000 after purchasing an additional 412,074 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock traded down $1.88 during trading on Friday, reaching $73.93. 1,993,848 shares of the company's stock were exchanged, compared to its average volume of 2,042,886. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a market capitalization 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 twelve month low of $66.88 and a twelve month high of $86.24. The firm's fifty day moving average price is $74.53 and its 200-day moving average price is $76.99.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data 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 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 company earned $0.63 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory Repas sold 2,750 shares of the 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 transaction, the vice president now owns 2,266 shares of the company's stock, valued at $184,497.72. This represents 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 worth $4,898,101 in the last ninety days. 23.80% of the stock is owned by insiders.

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.