McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 116.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,026 shares of the company's stock after purchasing an additional 55,899 shares during the quarter. Hudson Bay Capital Management LP's holdings in McCormick & Company, Incorporated were worth $7,931,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Gen Wealth Partners Inc boosted its holdings in shares of McCormick & Company, Incorporated by 20.3% during the fourth quarter. Gen Wealth Partners Inc now owns 17,184 shares of the company's stock worth $1,310,000 after purchasing an additional 2,901 shares during the last quarter. Elefante Mark B acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth approximately $1,463,000. Ensign Peak Advisors Inc boosted its position in shares of McCormick & Company, Incorporated by 10.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 425,354 shares of the company's stock worth $32,429,000 after acquiring an additional 38,924 shares during the last quarter. Ethic Inc. boosted its position in shares of McCormick & Company, Incorporated by 27.7% in the fourth quarter. Ethic Inc. now owns 74,534 shares of the company's stock worth $5,682,000 after acquiring an additional 16,145 shares during the last quarter. Finally, Fiduciary Trust Co boosted its position in shares of McCormick & Company, Incorporated by 16.2% in the fourth quarter. Fiduciary Trust Co now owns 10,592 shares of the company's stock worth $808,000 after acquiring an additional 1,475 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on 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 sale, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory Repas sold 2,750 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total transaction of $223,905.00. Following the sale, the vice president now directly owns 2,266 shares in the company, valued at $184,497.72. This trade represents a 54.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,484 shares of company stock worth $7,062,028 in the last ninety days. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Down 1.5%

Shares of NYSE MKC traded down $1.15 during trading on Wednesday, reaching $73.65. 2,895,874 shares of the stock were exchanged, compared to its average volume of 1,988,713. 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 business's 50-day moving average price is $77.76 and its 200 day moving average price is $77.55. The company has a market capitalization of $19.75 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74.

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 the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.63 EPS. The company's revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.44%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.86%.

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.