Baldwin Wealth Partners LLC MA Sells 5,181 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Baldwin Wealth Partners LLC MA cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,637 shares of the company's stock after selling 5,181 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in McCormick & Company, Incorporated were worth $2,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in shares of McCormick & Company, Incorporated by 11.2% in the second quarter. Thrivent Financial for Lutherans now owns 13,353 shares of the company's stock valued at $947,000 after buying an additional 1,349 shares during the last quarter. Public Sector Pension Investment Board raised its position in McCormick & Company, Incorporated by 71.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 9,719 shares of the company's stock worth $689,000 after purchasing an additional 4,058 shares during the last quarter. AQR Capital Management LLC lifted its holdings in McCormick & Company, Incorporated by 31.5% during the 2nd quarter. AQR Capital Management LLC now owns 359,016 shares of the company's stock worth $25,153,000 after buying an additional 86,101 shares in the last quarter. MBB Public Markets I LLC bought a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $1,263,000. Finally, Millennium Management LLC increased its stake in shares of McCormick & Company, Incorporated by 111.2% in the 2nd quarter. Millennium Management LLC now owns 733,588 shares of the company's stock valued at $52,041,000 after buying an additional 386,320 shares during the period. Institutional investors and hedge funds own 79.74% of the company's stock.

Analysts Set New Price Targets

MKC has been the topic of several recent research reports. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday. Bank of America lifted their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday. Finally, BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of "Moderate Buy" and an average price target of $83.75.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the transaction, the director now owns 40,436 shares of the company's stock, valued at approximately $3,194,444. 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 the SEC website. In the last three months, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Up 2.8 %

NYSE MKC traded up $2.11 during trading hours on Monday, reaching $77.00. 4,330,459 shares of the company's stock were exchanged, compared to its average volume of 2,288,835. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. McCormick & Company, Incorporated has a one year low of $64.33 and a one year high of $85.49. The company's 50-day moving average is $76.66 and its two-hundred day moving average is $78.10. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.23 and a beta of 0.75.

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

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were paid a dividend of $0.45 per share. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated's payout ratio is currently 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.