BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $6.43 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 33.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,171 shares of the company's stock after purchasing an additional 19,692 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in McCormick & Company, Incorporated were worth $6,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. EagleClaw Capital Managment LLC grew its stake in shares of McCormick & Company, Incorporated by 3.1% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 35,475 shares of the company's stock valued at $2,920,000 after buying an additional 1,050 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at approximately $1,557,000. Advisors Asset Management Inc. grew its position in McCormick & Company, Incorporated by 103.1% in the third quarter. Advisors Asset Management Inc. now owns 22,138 shares of the company's stock worth $1,822,000 after acquiring an additional 11,240 shares in the last quarter. R. W. Roge & Company Inc. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth $227,000. Finally, Hilton Capital Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 2.7% during the 3rd quarter. Hilton Capital Management LLC now owns 66,412 shares of the company's stock valued at $5,466,000 after purchasing an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MKC shares. Stifel Nicolaus upped 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. TD Cowen upped their price target on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. Bank of America raised their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of "Hold" and a consensus price target of $79.57.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the completion of the transaction, the director now owns 28,217 shares in the company, valued at approximately $2,210,237.61. This represents a 15.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 20,000 shares of company stock worth $1,565,850. 22.90% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded down $0.35 during mid-day trading on Monday, hitting $77.23. 2,418,232 shares of the company's stock traded hands, compared to its average volume of 1,907,619. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 3.54 and a beta of 0.77. The firm has a 50 day moving average of $79.47 and a two-hundred day moving average of $76.27. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 12 month low of $63.67 and a 12 month high of $85.49.

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

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.45 per share. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.33%. McCormick & Company, Incorporated's payout ratio is presently 61.22%.

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.