Mn Services Vermogensbeheer B.V. Decreases Position in McCormick & Company, Incorporated (NYSE:MKC)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,090 shares of the company’s stock after selling 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in McCormick & Company, Incorporated were worth $7,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. SVB Wealth LLC grew its holdings in McCormick & Company, Incorporated by 3.0% during the 1st quarter. SVB Wealth LLC now owns 3,937 shares of the company’s stock worth $393,000 after acquiring an additional 114 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of McCormick & Company, Incorporated by 0.3% during the first quarter. Wellington Management Group LLP now owns 53,866 shares of the company’s stock worth $4,482,000 after purchasing an additional 148 shares in the last quarter. Kinneret Advisory LLC increased its holdings in McCormick & Company, Incorporated by 2.3% in the first quarter. Kinneret Advisory LLC now owns 6,880 shares of the company’s stock valued at $687,000 after buying an additional 154 shares during the last quarter. PFG Investments LLC raised its stake in McCormick & Company, Incorporated by 2.6% in the fourth quarter. PFG Investments LLC now owns 6,981 shares of the company’s stock valued at $478,000 after buying an additional 179 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in McCormick & Company, Incorporated by 29.8% during the 1st quarter. Ancora Advisors LLC now owns 811 shares of the company’s stock worth $67,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.2 %

MKC opened at $71.91 on Tuesday. McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $94.39. The business has a 50-day moving average of $70.08 and a two-hundred day moving average of $67.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.30. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 3.68 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. McCormick & Company, Incorporated’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. On average, research analysts expect that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, April 5th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 64.12%.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $65.20, for a total value of $326,000.00. Following the transaction, the director now directly owns 39,181 shares in the company, valued at approximately $2,554,601.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other McCormick & Company, Incorporated news, Director Patricia A. Little sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.57, for a total transaction of $1,511,400.00. Following the completion of the sale, the director now directly owns 24,732 shares in the company, valued at $1,868,997.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the completion of the sale, the director now directly owns 39,181 shares of the company’s stock, valued at approximately $2,554,601.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,000 shares of company stock worth $2,376,400. 22.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MKC has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price target on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, January 26th. Argus raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, April 2nd. Consumer Edge cut shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. Finally, Barclays increased their target price on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.88.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.