Delaney Dennis R Has $1.98 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Delaney Dennis R grew its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 71.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,980 shares of the company's stock after acquiring an additional 10,860 shares during the quarter. Delaney Dennis R's holdings in McCormick & Company, Incorporated were worth $1,981,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MKC. Curio Wealth LLC bought a new position in McCormick & Company, Incorporated during the fourth quarter worth about $30,000. Albion Financial Group UT bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $33,000. Twin Tree Management LP acquired a new stake in McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Lee Danner & Bass Inc. bought a new stake in McCormick & Company, Incorporated in the fourth quarter valued at $37,000. Finally, Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth $38,000. Institutional investors and hedge funds own 79.74% of the company's stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total transaction of $223,905.00. Following the transaction, the vice president now owns 2,266 shares in the company, valued at approximately $184,497.72. This trade represents a 54.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the transaction, the director now owns 247,437 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 80,842 shares of company stock valued at $6,478,332. Company insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Trading Up 2.4 %

MKC traded up $1.75 during mid-day trading on Friday, reaching $75.29. The stock had a trading volume of 2,652,839 shares, compared to its average volume of 1,962,559. The firm's fifty day simple moving average is $79.34 and its two-hundred day simple moving average is $78.06. The stock has a market capitalization of $20.19 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. 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 results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. McCormick & Company, Incorporated's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. On average, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a $0.45 dividend. The ex-dividend date is Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.39%. McCormick & Company, Incorporated's payout ratio is presently 61.86%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MKC. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their target price for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 24th. Finally, Barclays cut their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $83.14.

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.