McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 164,655 shares of the company's stock after purchasing an additional 30,418 shares during the quarter. APG Asset Management N.V. owned 0.06% of McCormick & Company, Incorporated worth $12,123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in McCormick & Company, Incorporated by 21.7% in the third quarter. Wellington Management Group LLP now owns 139,728 shares of the company's stock valued at $11,500,000 after buying an additional 24,881 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in McCormick & Company, Incorporated during the third quarter valued at approximately $502,000. EP Wealth Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 14.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 5,631 shares of the company's stock worth $463,000 after acquiring an additional 716 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth about $225,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of McCormick & Company, Incorporated by 23.4% during the third quarter. Public Employees Retirement System of Ohio now owns 118,523 shares of the company's stock valued at $9,754,000 after purchasing an additional 22,468 shares during the last quarter. Institutional investors own 79.74% of the company's stock.

Wall Street Analyst Weigh In

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

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock traded down $0.73 during mid-day trading on Wednesday, reaching $74.54. The company had a trading volume of 509,561 shares, compared to its average volume of 1,942,458. The company has a market cap of $19.99 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.76 and a beta of 0.75. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The business has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $78.23.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. McCormick & Company, Incorporated's quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that McCormick & Company, Incorporated will post 3.07 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 21st. Investors of record on Monday, April 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, April 7th. McCormick & Company, Incorporated's payout ratio is 61.86%.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Lawrence Erik Kurzius sold 50,000 shares of the business's 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 completion of the transaction, the director now owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. The trade was a 16.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares of the company's stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,842 shares of company stock worth $6,478,332. 23.80% of the stock is owned by corporate insiders.

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.