Bartlett & CO. Wealth Management LLC Has $44.45 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Bartlett & CO. Wealth Management LLC grew its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,561 shares of the company's stock after buying an additional 16,653 shares during the period. Bartlett & CO. Wealth Management LLC owned 0.22% of McCormick & Company, Incorporated worth $44,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MKC. Albion Financial Group UT purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $33,000. Ballentine Partners LLC raised its holdings in McCormick & Company, Incorporated by 3.4% during the fourth quarter. Ballentine Partners LLC now owns 6,136 shares of the company's stock worth $468,000 after purchasing an additional 201 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in shares of McCormick & Company, Incorporated by 40.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 6,190 shares of the company's stock worth $472,000 after buying an additional 1,792 shares in the last quarter. Diversify Wealth Management LLC grew its position in shares of McCormick & Company, Incorporated by 86.9% in the fourth quarter. Diversify Wealth Management LLC now owns 28,249 shares of the company's stock valued at $2,017,000 after purchasing an additional 13,132 shares during the last quarter. Finally, Hall Laurie J Trustee increased its position in McCormick & Company, Incorporated by 46.9% during the fourth quarter. Hall Laurie J Trustee now owns 45,725 shares of the company's stock worth $3,486,000 after buying an additional 14,595 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the sale, the director now directly owns 40,436 shares in the company, valued at approximately $3,174,226. The trade was a 11.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 20,000 shares of company stock worth $1,565,850. 22.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MKC shares. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their target price for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price target on McCormick & Company, Incorporated from $68.00 to $66.00 and set an "underweight" rating for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.63.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC traded up $1.46 during midday trading on Thursday, hitting $74.70. 3,567,649 shares of the company's stock were exchanged, compared to its average volume of 2,117,325. McCormick & Company, Incorporated has a twelve month low of $64.33 and a twelve month high of $85.49. The firm has a market cap of $20.05 billion, a P/E ratio of 25.41, a PEG ratio of 3.28 and a beta of 0.75. The stock's 50 day moving average price is $76.65 and its 200-day moving average price is $77.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. Equities research analysts anticipate that McCormick & Company, Incorporated will post 2.92 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated's payout ratio is 61.22%.

McCormick & Company, Incorporated 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.