McCormick & Company, Incorporated (NYSE:MKC) Director Sells $391,650.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) Director Jacques Tapiero sold 5,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the transaction, the director now directly owns 28,217 shares of the company's stock, valued at $2,210,237.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

McCormick & Company, Incorporated Price Performance

MKC traded up $0.65 during trading on Tuesday, reaching $78.83. The stock had a trading volume of 1,274,443 shares, compared to its average volume of 1,911,047. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. 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 has a 1-year low of $63.67 and a 1-year high of $85.49. The stock has a 50 day moving average of $81.08 and a two-hundred day moving average of $76.19.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.15. The company 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%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, October 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upped their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. TD Cowen increased their price objective on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Finally, BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.57.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds have recently modified their holdings of MKC. State Board of Administration of Florida Retirement System lifted its stake in McCormick & Company, Incorporated by 2.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 278,397 shares of the company's stock worth $23,165,000 after purchasing an additional 7,898 shares during the period. Cetera Investment Advisers increased its holdings in shares of McCormick & Company, Incorporated by 470.6% in the first 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 in the last quarter. SG Americas Securities LLC grew its holdings in McCormick & Company, Incorporated by 333.8% during the 1st quarter. SG Americas Securities LLC now owns 70,977 shares of the company's stock worth $5,452,000 after acquiring an additional 54,616 shares during the period. Sei Investments Co. grew its holdings in McCormick & Company, Incorporated by 11.8% during the 1st quarter. Sei Investments Co. now owns 155,594 shares of the company's stock worth $11,951,000 after acquiring an additional 16,420 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in McCormick & Company, Incorporated by 1.1% during the 2nd quarter. Boston Trust Walden Corp now owns 632,674 shares of the company's stock worth $44,882,000 after acquiring an additional 6,588 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company 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.