Minot DeBlois Advisors LLC Invests $1.05 Million in McCormick & Company, Incorporated (NYSE:MKC)

Minot DeBlois Advisors LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 13,818 shares of the company's stock, valued at approximately $1,053,000.

Several other institutional investors also recently modified their holdings of MKC. Principal Financial Group Inc. grew its position in shares of McCormick & Company, Incorporated by 8.9% during the 3rd quarter. Principal Financial Group Inc. now owns 308,903 shares of the company's stock worth $25,423,000 after buying an additional 25,278 shares during the period. Czech National Bank lifted its holdings in shares of McCormick & Company, Incorporated by 6.5% during the 4th quarter. Czech National Bank now owns 54,680 shares of the company's stock valued at $4,169,000 after purchasing an additional 3,342 shares in the last quarter. Clean Yield Group lifted its holdings in shares of McCormick & Company, Incorporated by 10.6% during the 4th quarter. Clean Yield Group now owns 75,532 shares of the company's stock valued at $5,759,000 after purchasing an additional 7,217 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $833,000. Finally, PFW Advisors LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $830,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 0.6%

NYSE MKC opened at $76.54 on Tuesday. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.74. The stock's 50 day moving average price is $77.90 and its two-hundred day moving average price is $77.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its 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). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.86%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 2,266 shares of the company's stock, valued at $184,497.72. The trade was a 54.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,842 shares of company stock valued at $6,478,332 in the last 90 days. 23.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MKC has been the topic of several recent analyst reports. Barclays cut 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. JPMorgan Chase & Co. lifted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Finally, Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of "Hold" and an average target price 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.

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