MCCORMICK & CO /SH NV (NYSE:MKC) Director Margaret M. V. Preston sold 3,865 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.31, for a total transaction of $596,408.15. Following the completion of the sale, the director now directly owns 30,674 shares in the company, valued at $4,733,304.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE MKC traded down $0.81 during mid-day trading on Friday, reaching $155.46. 302,656 shares of the stock were exchanged, compared to its average volume of 736,394. MCCORMICK & CO /SH NV has a 1 year low of $99.53 and a 1 year high of $157.00. The company has a market capitalization of $20.29 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 3.65 and a beta of 0.26. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.34 and a current ratio of 0.78.
MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.06. MCCORMICK & CO /SH had a net margin of 12.19% and a return on equity of 21.41%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that MCCORMICK & CO /SH NV will post 5.27 EPS for the current year.
Several research firms have recently commented on MKC. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, April 2nd. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Tuesday, March 26th. Consumer Edge raised shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Finally, Deutsche Bank raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. MCCORMICK & CO /SH currently has an average rating of “Hold” and an average price target of $132.57.
A number of large investors have recently bought and sold shares of MKC. Vanguard Group Inc raised its position in MCCORMICK & CO /SH by 0.6% during the third quarter. Vanguard Group Inc now owns 13,463,310 shares of the company’s stock worth $1,773,790,000 after acquiring an additional 79,040 shares during the period. Boston Advisors LLC acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $202,000. Empowered Funds LLC acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $1,169,000. Strs Ohio raised its position in shares of MCCORMICK & CO /SH by 63.1% in the fourth quarter. Strs Ohio now owns 18,524 shares of the company’s stock valued at $2,579,000 after buying an additional 7,170 shares during the last quarter. Finally, Portland Global Advisors LLC raised its position in shares of MCCORMICK & CO /SH by 3.7% in the fourth quarter. Portland Global Advisors LLC now owns 11,227 shares of the company’s stock valued at $1,563,000 after buying an additional 405 shares during the last quarter. Institutional investors own 81.31% of the company’s stock.
MCCORMICK & CO /SH Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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