McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 91.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,422 shares of the company's stock after selling 224,559 shares during the period. Jump Financial LLC's holdings in McCormick & Company, Incorporated were worth $1,557,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in McCormick & Company, Incorporated in the fourth quarter valued at approximately $223,202,000. Invesco Ltd. raised its position in McCormick & Company, Incorporated by 17.6% during the 4th quarter. Invesco Ltd. now owns 2,641,812 shares of the company's stock worth $201,412,000 after buying an additional 396,214 shares during the last quarter. Amundi lifted its stake in McCormick & Company, Incorporated by 37.5% during the 4th quarter. Amundi now owns 1,372,446 shares of the company's stock valued at $102,275,000 after acquiring an additional 374,559 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of McCormick & Company, Incorporated by 9,283.1% in the 4th quarter. Teacher Retirement System of Texas now owns 367,253 shares of the company's stock valued at $27,999,000 after acquiring an additional 363,339 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of McCormick & Company, Incorporated by 321.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 449,870 shares of the company's stock worth $34,298,000 after acquiring an additional 343,070 shares during the period. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Price Performance

NYSE MKC traded down $0.33 during trading hours on Friday, reaching $74.68. The company's stock had a trading volume of 331,716 shares, compared to its average volume of 2,279,306. The firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 3.76 and a beta of 0.75. The company's 50-day moving average is $79.21 and its two-hundred day moving average is $77.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.41%. The ex-dividend date was Monday, April 7th. McCormick & Company, Incorporated's payout ratio is 61.86%.

Insiders Place Their Bets

In other news, Director Margaret M. V. Preston sold 28,092 shares of the business'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 transaction of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the sale, the director now owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. The trade was a 16.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 80,842 shares of company stock worth $6,478,332. Corporate insiders own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MKC. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. upped their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research note on Friday, January 24th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $83.14.

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.