Voya Investment Management LLC Purchases 326,041 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Voya Investment Management LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,530,972 shares of the company's stock after acquiring an additional 326,041 shares during the quarter. Voya Investment Management LLC owned about 1.32% of McCormick & Company, Incorporated worth $269,060,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Savvy Advisors Inc. acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $466,000. Somerville Kurt F increased its position in shares of McCormick & Company, Incorporated by 34.2% in the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company's stock valued at $7,325,000 after buying an additional 24,467 shares in the last quarter. DJE Kapital AG acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth $4,228,000. SBI Securities Co. Ltd. acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth about $234,000. Finally, Asset Management One Co. Ltd. increased its stake in McCormick & Company, Incorporated by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock worth $10,547,000 after purchasing an additional 19,491 shares in the last quarter. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Up 1.0 %

McCormick & Company, Incorporated stock traded up $0.72 during mid-day trading on Tuesday, reaching $75.43. The company's stock had a trading volume of 410,612 shares, compared to its average volume of 1,953,843. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24. The business's 50 day simple moving average is $79.11 and its 200 day simple moving average is $77.85. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released 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 firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $0.63 earnings per share. McCormick & Company, Incorporated's quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.39%. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

Insider Transactions at McCormick & Company, Incorporated

In related news, VP Gregory Repas sold 2,750 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $184,497.72. This trade represents a 54.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now directly owns 6,177 shares of the company's stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,842 shares of company stock worth $6,478,332 over the last quarter. Company insiders own 23.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MKC. Barclays cut their price target 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. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus lowered 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 McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong 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 $83.14.

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.