Benjamin Edwards Inc. Purchases 441,048 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Benjamin Edwards Inc. boosted its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2,778.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456,920 shares of the company's stock after buying an additional 441,048 shares during the period. Benjamin Edwards Inc. owned approximately 0.17% of McCormick & Company, Incorporated worth $37,606,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. HCR Wealth Advisors raised its holdings in shares of 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 during the period. Wallington Asset Management LLC boosted its holdings in McCormick & Company, Incorporated by 3.4% in the third quarter. Wallington Asset Management LLC now owns 4,136 shares of the company's stock worth $340,000 after acquiring an additional 136 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in McCormick & Company, Incorporated by 2.9% in the second 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 period. KFG Wealth Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 1.5% during the second quarter. KFG Wealth Management LLC now owns 10,434 shares of the company's stock valued at $740,000 after acquiring an additional 156 shares in the last quarter. Finally, Aurora Investment Counsel raised its position in shares of McCormick & Company, Incorporated by 2.1% during the third quarter. Aurora Investment Counsel now owns 8,443 shares of the company's stock worth $695,000 after purchasing an additional 172 shares during the period. Institutional investors own 79.74% of the company's stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the sale, the director now owns 40,436 shares of the company's stock, valued at $3,194,444. The trade was a 11.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is owned by company insiders.

McCormick & Company, Incorporated Trading Down 0.1 %

MKC stock traded down $0.04 during trading on Monday, hitting $78.37. 1,771,391 shares of the company traded hands, compared to its average volume of 1,896,309. The company has a 50-day moving average of $79.01 and a 200-day moving average of $76.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. McCormick & Company, Incorporated has a 1 year low of $63.88 and a 1 year high of $85.49. The firm has a market capitalization of $21.03 billion, a PE ratio of 26.57, a P/E/G ratio of 3.58 and a beta of 0.77.

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

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. McCormick & Company, Incorporated's dividend payout ratio is 57.14%.

Wall Street Analyst Weigh In

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

McCormick & Company, Incorporated Company 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.