22,671 Shares in McCormick & Company, Incorporated $MKC Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,671 shares of the company’s stock, valued at approximately $1,544,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKC. Invesco Ltd. raised its holdings in McCormick & Company, Incorporated by 66.7% during the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock worth $417,006,000 after purchasing an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP raised its holdings in McCormick & Company, Incorporated by 67.2% during the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock worth $187,183,000 after purchasing an additional 1,124,003 shares during the last quarter. Norges Bank acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth $62,711,000. State Street Corp raised its holdings in McCormick & Company, Incorporated by 5.1% during the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock worth $1,038,632,000 after purchasing an additional 747,844 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in McCormick & Company, Incorporated during the third quarter worth $48,576,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on MKC. HSBC reduced their price objective on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Zacks Research upgraded McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. BNP Paribas Exane reduced their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on McCormick & Company, Incorporated from $70.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.27.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Down 2.3%

Shares of NYSE:MKC opened at $47.83 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $78.16. The stock’s fifty day simple moving average is $49.21 and its 200-day simple moving average is $59.08. The company has a market capitalization of $12.85 billion, a P/E ratio of 7.84, a P/E/G ratio of 2.42 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the business earned $0.60 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, April 20th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.48%.

About McCormick & Company, Incorporated

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.