McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 71.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,362 shares of the company's stock after purchasing an additional 58,511 shares during the period. Hemenway Trust Co LLC owned about 0.05% of McCormick & Company, Incorporated worth $11,552,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MKC. HCR Wealth Advisors grew its holdings in McCormick & Company, Incorporated by 2.6% during the second quarter. HCR Wealth Advisors now owns 5,372 shares of the company's stock valued at $381,000 after purchasing an additional 135 shares during the last quarter. Wallington Asset Management LLC grew its holdings in shares of McCormick & Company, Incorporated by 3.4% during the 3rd quarter. Wallington Asset Management LLC now owns 4,136 shares of the company's stock worth $340,000 after purchasing an additional 136 shares in the last quarter. Aptus Capital Advisors LLC raised its position in McCormick & Company, Incorporated by 2.9% in the second quarter. Aptus Capital Advisors LLC now owns 5,030 shares of the company's stock valued at $357,000 after purchasing an additional 141 shares during the last quarter. KFG Wealth Management LLC increased its holdings in McCormick & Company, Incorporated by 1.5% in the second quarter. KFG Wealth Management LLC now owns 10,434 shares of the company's stock worth $740,000 after purchasing an additional 156 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in McCormick & Company, Incorporated by 87.5% during the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company's stock worth $27,000 after buying an additional 175 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Down 0.6 %

Shares of MKC traded down $0.44 during trading on Tuesday, reaching $76.59. The company's stock had a trading volume of 1,335,749 shares, compared to its average volume of 1,905,578. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. 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. McCormick & Company, Incorporated has a twelve month low of $63.67 and a twelve month high of $85.49. The company has a fifty day moving average of $80.86 and a two-hundred day moving average of $76.23.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, sell-side analysts predict 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. Investors of record on Monday, October 7th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Monday, October 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 57.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. Bank of America upped their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. TD Cowen raised their price target on shares of 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 upgraded shares of McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $79.57.

Insider Buying and Selling

In related news, Director Jacques Tapiero sold 5,000 shares of the company's stock in a transaction dated 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 owns 28,217 shares in the company, valued at $2,210,237.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 20,000 shares of company stock valued at $1,565,850 over the last 90 days. 22.90% of the stock is owned by corporate insiders.

About McCormick & Company, Incorporated

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.