Boston Common Asset Management LLC Sells 7,763 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Boston Common Asset Management LLC lessened its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,840 shares of the company's stock after selling 7,763 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.05% of McCormick & Company, Incorporated worth $11,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MKC. Capital Performance Advisors LLP acquired a new stake in McCormick & Company, Incorporated during the third quarter worth $28,000. Rosenberg Matthew Hamilton acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $38,000. Strategic Investment Solutions Inc. IL bought a new stake in McCormick & Company, Incorporated in the second quarter valued at about $39,000. Kennebec Savings Bank acquired a new position in McCormick & Company, Incorporated in the third quarter worth about $40,000. Finally, Friedenthal Financial bought a new position in McCormick & Company, Incorporated during the third quarter worth about $49,000. Institutional investors and hedge funds own 79.74% of the company's stock.

Insiders Place Their Bets

In other news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at $2,210,237.61. The trade was a 15.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

MKC traded down $0.27 during midday trading on Friday, hitting $73.35. The company had a trading volume of 1,845,003 shares, compared to its average volume of 1,374,659. McCormick & Company, Incorporated has a twelve month low of $63.88 and a twelve month high of $85.49. The company has a market capitalization of $19.69 billion, a PE ratio of 24.95, a P/E/G ratio of 3.07 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The firm's 50-day simple moving average is $76.82 and its 200-day simple moving average is $77.85.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.45%. The ex-dividend date was Monday, December 30th. This is a boost from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. McCormick & Company, Incorporated's payout ratio is 61.22%.

Analyst Ratings Changes

Several research firms have recently weighed in on MKC. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price objective for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Bank of America increased their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.63.

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.