Tudor Investment Corp ET AL Acquires New Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Tudor Investment Corp ET AL purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,405 shares of the company's stock, valued at approximately $2,394,000.

A number of other large investors have also modified their holdings of MKC. Savvy Advisors Inc. acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $466,000. Somerville Kurt F boosted its position in McCormick & Company, Incorporated by 34.2% during the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company's stock worth $7,325,000 after acquiring an additional 24,467 shares during the period. DJE Kapital AG bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $4,228,000. SBI Securities Co. Ltd. acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at $234,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of McCormick & Company, Incorporated by 16.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock valued at $10,547,000 after purchasing an additional 19,491 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MKC. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday, January 24th. Finally, Argus downgraded McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.14.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC traded up $0.03 during mid-day trading on Friday, reaching $76.25. The company had a trading volume of 436,452 shares, compared to its average volume of 1,961,843. The company has a 50-day moving average price of $78.15 and a two-hundred day moving average price of $77.62. The stock has a market cap of $20.45 billion, a PE ratio of 26.02, a P/E/G ratio of 3.76 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The company had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the prior year, the business posted $0.63 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities 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 disclosed 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 yield of 2.36%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is 61.86%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated 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 transaction of $4,090,500.00. Following the transaction, the director now owns 247,437 shares of the company's stock, valued at $20,242,820.97. The trade was a 16.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory Repas sold 2,750 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the transaction, the vice president now owns 2,266 shares in the company, valued at $184,497.72. This represents a 54.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,842 shares of company stock worth $6,478,332. Corporate insiders own 23.80% of the company's stock.

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.