GSA Capital Partners LLP Invests $2.82 Million in McCormick & Company, Incorporated (NYSE:MKC)

GSA Capital Partners LLP purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,257 shares of the company's stock, valued at approximately $2,819,000.

Several other large investors also recently bought and sold shares of MKC. State Board of Administration of Florida Retirement System increased its holdings in shares of McCormick & Company, Incorporated by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 278,397 shares of the company's stock valued at $23,165,000 after acquiring an additional 7,898 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $20,227,000. Cetera Investment Advisers boosted its position in shares of McCormick & Company, Incorporated by 470.6% in the 1st quarter. Cetera Investment Advisers now owns 37,958 shares of the company's stock valued at $2,916,000 after purchasing an additional 31,306 shares during the period. Sei Investments Co. boosted its position in shares of McCormick & Company, Incorporated by 11.8% in the 1st quarter. Sei Investments Co. now owns 155,594 shares of the company's stock valued at $11,951,000 after purchasing an additional 16,420 shares during the period. Finally, Boston Trust Walden Corp boosted its position in shares of McCormick & Company, Incorporated by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 632,674 shares of the company's stock valued at $44,882,000 after purchasing an additional 6,588 shares during the period. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Price Performance

NYSE MKC traded down $0.44 during mid-day trading on Tuesday, hitting $76.59. The stock had a trading volume of 1,335,749 shares, compared to its average volume of 1,905,578. McCormick & Company, Incorporated has a 52-week low of $63.67 and a 52-week high of $85.49. The company has a market cap of $20.55 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 3.54 and a beta of 0.77. The company has a 50 day simple moving average of $80.86 and a 200 day simple moving average of $76.23. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.15. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. McCormick & Company, Incorporated's quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.19%. The ex-dividend date was Monday, October 7th. McCormick & Company, Incorporated's payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MKC. BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a research report on Wednesday, October 2nd. 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. TD Cowen increased their target price on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. Finally, Bank of America increased their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Hold" and an average target price of $79.57.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 28,217 shares of the company's stock, valued at approximately $2,182,302.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 20,000 shares of company stock valued at $1,565,850. Corporate insiders own 22.90% of the company's stock.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.