DB Fitzpatrick & Co Inc Invests $1.10 Million in McCormick & Company, Incorporated (NYSE:MKC)

DB Fitzpatrick & Co Inc acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,058 shares of the company's stock, valued at approximately $1,099,000.

Several other institutional investors and hedge funds have also modified their holdings of MKC. American Century Companies Inc. lifted its stake in shares of McCormick & Company, Incorporated by 15.9% during the first quarter. American Century Companies Inc. now owns 5,072 shares of the company's stock valued at $506,000 after buying an additional 696 shares during the period. Vontobel Holding Ltd. increased its position in McCormick & Company, Incorporated by 28.1% during the first quarter. Vontobel Holding Ltd. now owns 6,448 shares of the company's stock worth $627,000 after purchasing an additional 1,415 shares during the last quarter. Sei Investments Co. increased its position in McCormick & Company, Incorporated by 1.0% during the first quarter. Sei Investments Co. now owns 108,139 shares of the company's stock worth $10,803,000 after purchasing an additional 1,048 shares during the last quarter. Prudential PLC acquired a new position in McCormick & Company, Incorporated during the first quarter worth approximately $543,000. Finally, Sequoia Financial Advisors LLC acquired a new position in McCormick & Company, Incorporated during the first quarter worth approximately $313,000. Hedge funds and other institutional investors own 79.74% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MKC. Stifel Nicolaus upped their price target on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, March 27th. Barclays upped their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an "underweight" rating for the company in a research report on Friday, January 26th. Consumer Edge lowered shares of McCormick & Company, Incorporated from an "overweight" rating to an "equal weight" rating in a research report on Monday, January 22nd. Finally, Citigroup increased their price objective on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a "sell" rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average price target of $77.88.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 7,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $77.00, for a total transaction of $539,000.00. Following the transaction, the director now directly owns 5,594 shares in the company, valued at approximately $430,738. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Patricia A. Little sold 20,000 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.57, for a total value of $1,511,400.00. Following the sale, the director now directly owns 24,732 shares in the company, valued at approximately $1,868,997.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Maritza Gomez Montiel sold 7,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $77.00, for a total transaction of $539,000.00. Following the completion of the sale, the director now owns 5,594 shares in the company, valued at $430,738. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $2,376,400 in the last ninety days. 22.90% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Up 0.2 %

MKC traded up $0.16 during trading hours on Thursday, reaching $76.41. 1,856,228 shares of the stock traded hands, compared to its average volume of 2,186,913. The firm's fifty day simple moving average is $69.10 and its two-hundred day simple moving average is $67.67. The company has a market cap of $20.50 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 4.03 and a beta of 0.74. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.30.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The business's revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. As a group, analysts forecast that McCormick & Company, Incorporated will post 2.84 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, April 5th. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 64.12%.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.