Fox Run Management L.L.C. Grows Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Fox Run Management L.L.C. boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 175.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,512 shares of the company's stock after acquiring an additional 6,060 shares during the quarter. Fox Run Management L.L.C.'s holdings in McCormick & Company, Incorporated were worth $725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKC. Curio Wealth LLC acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth $30,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Twin Tree Management LP bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $37,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $38,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Argus cut shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price target for the company from $85.00 to $91.00 in a research report on Monday, December 9th. 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 report on Friday, January 24th. Finally, Barclays dropped their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of "Hold" and a consensus target price of $83.75.

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Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, the director now owns 6,177 shares in the company, valued at $475,814.31. This trade represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Stock Down 0.2 %

Shares of MKC stock traded down $0.16 on Friday, reaching $81.47. 2,176,119 shares of the company were exchanged, compared to its average volume of 1,899,000. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The company has a 50-day moving average of $79.26 and a 200-day moving average of $78.87. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.76 and a beta of 0.71. 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 posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.63 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

About McCormick & Company, Incorporated

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.