McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 362,194 shares of the company's stock after selling 29,671 shares during the period. Crestwood Advisors Group LLC owned about 0.13% of McCormick & Company, Incorporated worth $24,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKC. Vanguard Group Inc. raised its position in shares of McCormick & Company, Incorporated by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 28,955,774 shares of the company's stock worth $2,889,787,000 after acquiring an additional 462,997 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of McCormick & Company, Incorporated by 92,736.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,770,708 shares of the company's stock worth $478,334,000 after buying an additional 5,764,492 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of McCormick & Company, Incorporated by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 5,404,603 shares of the company's stock worth $448,737,000 after buying an additional 101,633 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of McCormick & Company, Incorporated by 2.8% during the 3rd quarter. Northern Trust Corp now owns 3,438,766 shares of the company's stock valued at $260,108,000 after buying an additional 93,034 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 6.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,563,547 shares of the company's stock valued at $223,618,000 after buying an additional 152,184 shares during the period. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Trading Down 2.3 %

MKC traded down $1.66 on Friday, hitting $71.76. The company had a trading volume of 1,708,048 shares, compared to its average volume of 2,402,309. The company has a market cap of $19.26 billion, a PE ratio of 27.39, a PEG ratio of 3.68 and a beta of 0.74. McCormick & Company, Incorporated has a 12-month low of $59.13 and a 12-month high of $94.39. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 0.63. The business's fifty day simple moving average is $69.96 and its 200 day simple moving average is $67.49.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The firm's revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts expect that McCormick & Company, Incorporated will post 2.85 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.68 annualized dividend and a yield of 2.34%. McCormick & Company, Incorporated's dividend payout ratio is currently 64.12%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Patricia A. Little sold 20,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.57, for a total transaction of $1,511,400.00. Following the completion of the transaction, the director now owns 24,732 shares in the company, valued at $1,868,997.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the transaction, the director now owns 39,181 shares of the company's stock, valued at $2,554,601.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia A. Little sold 20,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.57, for a total transaction of $1,511,400.00. Following the completion of the transaction, the director now directly owns 24,732 shares of the company's stock, valued at approximately $1,868,997.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,000 shares of company stock worth $2,376,400. Corporate insiders own 22.90% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on MKC. Citigroup raised their target price on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a "sell" rating in a report on Wednesday, March 27th. Stifel Nicolaus raised their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, March 27th. Barclays raised their target price on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, March 28th. Consumer Edge cut McCormick & Company, Incorporated from an "overweight" rating to an "equal weight" rating in a report on Monday, January 22nd. Finally, Argus raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $77.88.

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.