AMI Asset Management Corp Has $28.67 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

AMI Asset Management Corp decreased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,994 shares of the company’s stock after selling 8,828 shares during the period. AMI Asset Management Corp owned about 0.14% of McCormick & Company, Incorporated worth $28,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of McCormick & Company, Incorporated by 98.0% in the second quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock valued at $3,302,000 after buying an additional 23,033 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in McCormick & Company, Incorporated by 6.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,338 shares of the company’s stock worth $1,514,000 after acquiring an additional 1,350 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in McCormick & Company, Incorporated by 1.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 54,141 shares of the company’s stock valued at $3,841,000 after acquiring an additional 900 shares during the period. Pacer Advisors Inc. raised its stake in shares of McCormick & Company, Incorporated by 45.5% during the second quarter. Pacer Advisors Inc. now owns 24,723 shares of the company’s stock valued at $1,754,000 after acquiring an additional 7,730 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of McCormick & Company, Incorporated by 2.6% during the second quarter. Sei Investments Co. now owns 159,586 shares of the company’s stock worth $11,321,000 after purchasing an additional 3,992 shares during the period. Institutional investors own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $78.33, for a total transaction of $391,650.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at $2,210,237.61. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 20,000 shares of company stock valued at $1,565,850 in the last 90 days. 22.90% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Stock Down 0.4 %

McCormick & Company, Incorporated stock opened at $73.35 on Tuesday. The company has a market capitalization of $19.69 billion, a PE ratio of 24.95, a PEG ratio of 3.24 and a beta of 0.75. McCormick & Company, Incorporated has a 12-month low of $63.88 and a 12-month high of $85.49. The firm’s fifty day moving average is $76.75 and its 200 day moving average is $77.99. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.45%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.22%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MKC shares. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a research report on Wednesday, January 15th. Bank of America upped their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned 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 currently has a consensus rating of “Moderate Buy” and an average price target of $82.63.

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.