Janus Henderson Group PLC Has $23.20 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Janus Henderson Group PLC cut its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,191 shares of the company's stock after selling 6,868 shares during the period. Janus Henderson Group PLC owned 0.11% of McCormick & Company, Incorporated worth $23,198,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MKC. Norges Bank acquired a new position in McCormick & Company, Incorporated in the fourth quarter worth approximately $223,202,000. Balyasny Asset Management L.P. increased its stake in shares of McCormick & Company, Incorporated by 47.5% during the 4th 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 last quarter. Northern Trust Corp raised its holdings in shares of 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 purchasing an additional 531,060 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of McCormick & Company, Incorporated by 88.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 879,260 shares of the company's stock valued at $67,035,000 after purchasing an additional 412,074 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of McCormick & Company, Incorporated by 17.6% in the 4th quarter. Invesco Ltd. now owns 2,641,812 shares of the company's stock valued at $201,412,000 after purchasing an additional 396,214 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, 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 value of $223,905.00. Following the sale, the vice president now directly owns 2,266 shares in the company, valued at approximately $184,497.72. The trade was a 54.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 60,392 shares of company stock worth $4,898,101. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded down $0.84 during trading on Wednesday, reaching $73.37. The company's stock had a trading volume of 425,997 shares, compared to its average volume of 2,000,568. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24. The stock has a market capitalization of $19.68 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $76.96 and a two-hundred day moving average price of $77.43.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company's 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 fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders 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 2.45%. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

Analyst Ratings Changes

Several brokerages have commented on MKC. Argus downgraded McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 24th. Finally, Barclays decreased their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.14.

McCormick & Company, Incorporated Company 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.