B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in McCormick & Company, Incorporated (NYSE:MKC)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,345 shares of the company's stock, valued at approximately $3,156,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HCR Wealth Advisors raised its stake in McCormick & Company, Incorporated by 2.6% during the second quarter. HCR Wealth Advisors now owns 5,372 shares of the company's stock valued at $381,000 after purchasing an additional 135 shares in the last quarter. Wallington Asset Management LLC raised its position in shares of McCormick & Company, Incorporated by 3.4% during the 3rd quarter. Wallington Asset Management LLC now owns 4,136 shares of the company's stock valued at $340,000 after buying an additional 136 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 2.9% in the 2nd quarter. Aptus Capital Advisors LLC now owns 5,030 shares of the company's stock valued at $357,000 after acquiring an additional 141 shares during the last quarter. KFG Wealth Management LLC grew its position in McCormick & Company, Incorporated by 1.5% in the second quarter. KFG Wealth Management LLC now owns 10,434 shares of the company's stock worth $740,000 after acquiring an additional 156 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in McCormick & Company, Incorporated by 87.5% in the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company's stock worth $27,000 after acquiring an additional 175 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $77.13 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock's fifty day moving average is $79.85 and its two-hundred day moving average is $76.23. McCormick & Company, Incorporated has a 52 week low of $63.67 and a 52 week high of $85.49. The company has a market capitalization of $20.70 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 3.44 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.15. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The business's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, analysts expect that McCormick & Company, Incorporated will post 2.92 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.33%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 57.14%.

Analyst Ratings Changes

MKC has been the topic of a number of recent research reports. BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a report on Wednesday, October 2nd. Bank of America lifted their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen boosted their price objective on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average target price of $79.57.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the director now owns 40,436 shares of the company's stock, valued at $3,174,226. This represents a 11.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 20,000 shares of company stock valued at $1,565,850. Corporate insiders own 22.90% of the company's stock.

McCormick & Company, Incorporated Profile

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.