McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Ossiam

Ossiam grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 136.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,199 shares of the company's stock after purchasing an additional 11,092 shares during the quarter. Ossiam's holdings in McCormick & Company, Incorporated were worth $1,464,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MKC. International Private Wealth Advisors LLC grew its stake in McCormick & Company, Incorporated by 3.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock valued at $276,000 after acquiring an additional 136 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of McCormick & Company, Incorporated by 2.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company's stock valued at $382,000 after purchasing an additional 137 shares during the last quarter. Empower Advisory Group LLC lifted its position in McCormick & Company, Incorporated by 1.7% during the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock worth $641,000 after buying an additional 138 shares in the last quarter. Bessemer Group Inc. boosted its stake in McCormick & Company, Incorporated by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 43,002 shares of the company's stock worth $3,278,000 after buying an additional 139 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in McCormick & Company, Incorporated by 1.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock worth $954,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MKC. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. Argus cut shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of "Hold" and an average target price of $83.14.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the transaction, the director now owns 247,437 shares in the company, valued at approximately $20,242,820.97. This trade represents a 16.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret M. V. Preston sold 28,092 shares of the company'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 transaction of $2,163,926.76. Following the sale, the director now 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 sold a total of 80,842 shares of company stock valued at $6,478,332 in the last three months. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Trading Down 0.6 %

Shares of MKC traded down $0.45 during trading on Friday, reaching $74.56. 1,256,059 shares of the company traded hands, compared to its average volume of 1,957,096. The stock has a 50-day simple moving average of $79.18 and a 200-day simple moving average of $77.91. The stock has a market cap of $20.00 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.63 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.41%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

McCormick & Company, Incorporated Company 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.