McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 66.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,700 shares of the company's stock after selling 25,645 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in McCormick & Company, Incorporated were worth $965,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in MKC. Norges Bank acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth $223,202,000. State Street Corp grew its stake in shares of McCormick & Company, Incorporated by 7.8% during the 3rd quarter. State Street Corp now owns 15,315,905 shares of the company's stock worth $1,260,499,000 after purchasing an additional 1,114,706 shares during the period. Amundi increased its holdings in shares of McCormick & Company, Incorporated by 37.5% in the 4th quarter. Amundi now owns 1,372,446 shares of the company's stock valued at $102,275,000 after purchasing an additional 374,559 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of McCormick & Company, Incorporated by 9,283.1% in the 4th quarter. Teacher Retirement System of Texas now owns 367,253 shares of the company's stock valued at $27,999,000 after purchasing an additional 363,339 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of McCormick & Company, Incorporated by 321.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 449,870 shares of the company's stock valued at $34,298,000 after purchasing an additional 343,070 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

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McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock traded up $1.21 during midday trading on Tuesday, reaching $75.13. 732,057 shares of the company were exchanged, compared to its average volume of 2,293,855. The firm's 50-day simple moving average is $79.84 and its 200-day simple moving average is $78.62. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74.

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 for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $0.63 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. On average, analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Argus cut shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Barclays reduced their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on 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, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average price target of $83.14.

Insider Activity

In related news, VP Gregory Repas sold 2,750 shares of the firm's stock in a transaction that occurred on 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 directly owns 2,266 shares of the company's stock, valued at approximately $184,497.72. This trade represents a 54.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,842 shares of company stock valued at $6,478,332 over the last quarter. Company insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated 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.