Norinchukin Bank The Buys 175,939 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Norinchukin Bank The grew its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 98.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 353,882 shares of the company's stock after buying an additional 175,939 shares during the period. Norinchukin Bank The owned approximately 0.13% of McCormick & Company, Incorporated worth $26,980,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MKC. Curio Wealth LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth $30,000. Albion Financial Group UT acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $33,000. Twin Tree Management LP bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $37,000. Finally, Rosenberg Matthew Hamilton bought a new position in McCormick & Company, Incorporated in the fourth quarter valued at approximately $38,000. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Trading Down 1.5 %

Shares of McCormick & Company, Incorporated stock traded down $1.16 during trading on Thursday, hitting $75.45. The company's stock had a trading volume of 472,457 shares, compared to its average volume of 1,955,286. The stock has a market cap of $20.23 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The stock has a 50-day moving average price of $79.25 and a two-hundred day moving average price of $77.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

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). The firm had revenue of $1.61 billion for 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 company posted $0.63 EPS. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a $0.45 dividend. 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 2.39%. McCormick & Company, Incorporated's payout ratio is currently 61.86%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the completion of the sale, the director now directly owns 6,177 shares in the company, valued at approximately $475,814.31. This trade represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated 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 completion of the sale, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This trade 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 have sold 80,842 shares of company stock valued at $6,478,332. 23.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Barclays decreased their price target on shares of 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. Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.