Diversify Wealth Management LLC Buys 13,132 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Diversify Wealth Management LLC grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 86.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,249 shares of the company's stock after buying an additional 13,132 shares during the period. Diversify Wealth Management LLC's holdings in McCormick & Company, Incorporated were worth $2,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in McCormick & Company, Incorporated by 7.8% in the third quarter. State Street Corp now owns 15,315,905 shares of the company's stock worth $1,260,499,000 after purchasing an additional 1,114,706 shares during the period. Geode Capital Management LLC grew its position in shares of McCormick & Company, Incorporated by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 5,886,987 shares of the company's stock worth $482,823,000 after buying an additional 54,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of McCormick & Company, Incorporated by 6.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,003,136 shares of the company's stock worth $247,158,000 after acquiring an additional 177,567 shares in the last quarter. Point72 Asset Management L.P. lifted its position in McCormick & Company, Incorporated by 58.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,544,531 shares of the company's stock valued at $127,115,000 after acquiring an additional 568,276 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in McCormick & Company, Incorporated by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,052 shares of the company's stock worth $120,409,000 after acquiring an additional 30,696 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded up $0.98 during mid-day trading on Tuesday, reaching $74.29. The company's stock had a trading volume of 3,576,494 shares, compared to its average volume of 2,003,208. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The stock has a market cap of $19.94 billion, a P/E ratio of 25.27, a PEG ratio of 3.24 and a beta of 0.75. The firm's fifty day moving average price is $76.75 and its two-hundred day moving average price is $77.99. McCormick & Company, Incorporated has a 12-month low of $64.07 and a 12-month high of $85.49.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were issued a $0.45 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.80 annualized dividend and a yield of 2.42%. This is a boost from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.22%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MKC shares. BNP Paribas raised shares of McCormick & Company, Incorporated to a "strong-buy" rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $68.00 to $66.00 and set an "underweight" rating for the company in a research note on Wednesday, January 15th. Stifel Nicolaus increased their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Bank of America increased their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $82.63.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.34, for a total transaction of $386,700.00. Following the completion of the sale, the director now directly owns 28,217 shares in the company, valued at $2,182,302.78. The trade was a 15.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 20,000 shares of company stock valued at $1,565,850. Company insiders own 22.90% of the company's stock.

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.