McCormick & Company, Incorporated $MKC Shares Sold by Kidder Stephen W

Kidder Stephen W decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 93.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,945 shares of the company’s stock after selling 43,175 shares during the quarter. Kidder Stephen W’s holdings in McCormick & Company, Incorporated were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of McCormick & Company, Incorporated by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock valued at $113,047,000 after acquiring an additional 628,390 shares during the last quarter. PGGM Investments increased its stake in shares of McCormick & Company, Incorporated by 10.2% during the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after acquiring an additional 69,034 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of McCormick & Company, Incorporated by 76.9% during the 3rd quarter. WINTON GROUP Ltd now owns 37,500 shares of the company’s stock valued at $2,509,000 after acquiring an additional 16,300 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after acquiring an additional 314,252 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $48,576,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.5%

Shares of NYSE:MKC opened at $47.15 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.76. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $78.16. The stock has a market capitalization of $12.67 billion, a P/E ratio of 7.73, a PEG ratio of 2.37 and a beta of 0.65. The stock has a 50-day simple moving average of $49.17 and a 200-day simple moving average of $58.94.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that McCormick & Company, Incorporated will post 3.09 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 27th. Stockholders of record on Monday, April 20th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, April 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. McCormick & Company, Incorporated’s payout ratio is presently 31.48%.

Insider Activity

In other news, Director Gavin Hattersley bought 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was acquired at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the acquisition, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MKC has been the subject of a number of research analyst reports. HSBC dropped their price objective on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Sanford C. Bernstein dropped their price objective on shares of McCormick & Company, Incorporated from $85.00 to $77.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Finally, Stifel Nicolaus dropped their price objective on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.90.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private?label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.