16,258 Shares in McCormick & Company, Incorporated (NYSE:MKC) Acquired by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,258 shares of the company's stock, valued at approximately $1,240,000.

Several other large investors have also recently bought and sold shares of MKC. Capital Performance Advisors LLP acquired a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $28,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Kennebec Savings Bank acquired a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $40,000. Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth about $38,000. Finally, Friedenthal Financial acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $49,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded up $0.70 during mid-day trading on Thursday, hitting $77.56. 1,301,349 shares of the company's stock traded hands, compared to its average volume of 1,970,836. The firm has a 50 day moving average of $76.63 and a two-hundred day moving average of $78.39. McCormick & Company, Incorporated has a 12 month low of $64.43 and a 12 month high of $85.49. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.32%. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.43%.

Analysts Set New Price Targets

MKC has been the topic of a number of analyst reports. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their price objective for the company from $85.00 to $91.00 in a report on Monday, December 9th. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their price objective for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Finally, Barclays lowered their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has an average rating of "Moderate Buy" and an average price target of $83.75.

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.