McCormick & Company, Incorporated (NYSE:MKC) Position Trimmed by American Century Companies Inc.

American Century Companies Inc. reduced its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,977 shares of the company's stock after selling 3,544 shares during the period. American Century Companies Inc.'s holdings in McCormick & Company, Incorporated were worth $3,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Private Wealth Advisors LLC raised its holdings in McCormick & Company, Incorporated by 3.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock valued at $276,000 after buying an additional 136 shares during the period. Empower Advisory Group LLC increased its position in shares of McCormick & Company, Incorporated by 1.7% in the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock worth $641,000 after acquiring an additional 138 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in shares of McCormick & Company, Incorporated by 1.2% in the fourth quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock worth $954,000 after acquiring an additional 153 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of McCormick & Company, Incorporated by 1.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,906 shares of the company's stock valued at $755,000 after acquiring an additional 154 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,595 shares of the company's stock valued at $427,000 after acquiring an additional 169 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at McCormick & Company, Incorporated

In other news, VP Gregory Repas sold 2,750 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at approximately $184,497.72. This represents a 54.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now directly owns 247,437 shares in the company, valued at $20,242,820.97. The trade was a 16.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,842 shares of company stock worth $6,478,332 in the last ninety days. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Up 0.4 %

Shares of NYSE:MKC traded up $0.30 during trading on Friday, hitting $75.84. The company's stock had a trading volume of 1,826,424 shares, compared to its average volume of 1,948,125. The company has a market capitalization of $20.34 billion, a PE ratio of 25.89, a PEG ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock's 50-day moving average price is $79.53 and its two-hundred day moving average price is $78.32.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. McCormick & Company, Incorporated's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.37%. McCormick & Company, Incorporated's dividend payout ratio is presently 61.86%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 24th. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus lowered McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Barclays reduced their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, McCormick & Company, Incorporated has a consensus rating of "Hold" and an average price target of $83.14.

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.