Financial Counselors Inc. Has $8.94 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Financial Counselors Inc. decreased its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,221 shares of the company's stock after selling 34,562 shares during the period. Financial Counselors Inc.'s holdings in McCormick & Company, Incorporated were worth $8,937,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of McCormick & Company, Incorporated by 7.8% in the third quarter. State Street Corp now owns 15,315,905 shares of the company's stock valued at $1,260,499,000 after purchasing an additional 1,114,706 shares during the last quarter. Point72 Asset Management L.P. grew its stake in McCormick & Company, Incorporated by 58.2% in 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 buying an additional 568,276 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in McCormick & Company, Incorporated by 2,778.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 456,920 shares of the company's stock valued at $37,606,000 after acquiring an additional 441,048 shares during the period. Amundi lifted its position in McCormick & Company, Incorporated by 37.5% during the fourth quarter. Amundi now owns 1,372,446 shares of the company's stock worth $102,275,000 after acquiring an additional 374,559 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of McCormick & Company, Incorporated by 9,283.1% during the fourth quarter. Teacher Retirement System of Texas now owns 367,253 shares of the company's stock worth $27,999,000 after acquiring an additional 363,339 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

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McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded up $0.82 on Monday, reaching $82.28. 1,992,660 shares of the stock were exchanged, compared to its average volume of 1,899,373. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The firm has a market cap of $22.06 billion, a PE ratio of 28.08, a P/E/G ratio of 3.76 and a beta of 0.71. The firm's 50 day moving average is $79.43 and its 200-day moving average is $78.80. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, April 7th. McCormick & Company, Incorporated's payout ratio is 61.86%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the sale, the director now owns 6,177 shares of the company's stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 23.80% of the company's stock.

Analysts Set New Price Targets

MKC has been the subject of several research reports. Barclays dropped their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday, January 24th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of "Hold" and a consensus target price 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.