Mufg Securities Americas Inc. Acquires New Position in McCormick & Company, Incorporated (NYSE:MKC)

Mufg Securities Americas Inc. purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,723 shares of the company's stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also bought and sold shares of MKC. Nomura Holdings Inc. raised its stake in McCormick & Company, Incorporated by 59.6% during the fourth quarter. Nomura Holdings Inc. now owns 20,858 shares of the company's stock valued at $1,590,000 after buying an additional 7,788 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $1,053,000. Lazard Asset Management LLC bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $726,000. Hudson Bay Capital Management LP grew its holdings in McCormick & Company, Incorporated by 116.1% during the fourth quarter. Hudson Bay Capital Management LP now owns 104,026 shares of the company's stock valued at $7,931,000 after purchasing an additional 55,899 shares during the period. Finally, Gen Wealth Partners Inc lifted its position in shares of McCormick & Company, Incorporated by 20.3% in the fourth quarter. Gen Wealth Partners Inc now owns 17,184 shares of the company's stock valued at $1,310,000 after acquiring an additional 2,901 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC traded down $0.27 during trading on Tuesday, reaching $74.13. 2,054,160 shares of the company's stock traded hands, compared to its average volume of 2,006,594. 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 has a 12 month low of $66.88 and a 12 month high of $86.24. The company has a 50 day moving average of $77.09 and a 200-day moving average of $77.45. The stock has a market capitalization of $19.88 billion, a P/E ratio of 25.30, 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 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 business 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 firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Insider Transactions at McCormick & Company, Incorporated

In related news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katherine Jenkins sold 7,642 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The disclosure for this sale can be found here. In the last three months, insiders sold 60,392 shares of company stock valued at $4,898,101. Company insiders own 23.80% of the company's stock.

Wall Street Analyst Weigh In

MKC has been the topic of several analyst reports. Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note 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 for the company in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently 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.