Strengthening Families & Communities LLC Sells 30,280 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Strengthening Families & Communities LLC lessened its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 96.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,003 shares of the company's stock after selling 30,280 shares during the period. Strengthening Families & Communities LLC's holdings in McCormick & Company, Incorporated were worth $76,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKC. State Street Corp raised its stake in shares of McCormick & Company, Incorporated by 7.8% in the 3rd quarter. State Street Corp now owns 15,315,905 shares of the company's stock worth $1,260,499,000 after buying an additional 1,114,706 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of McCormick & Company, Incorporated by 58.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,544,531 shares of the company's stock worth $127,115,000 after buying an additional 568,276 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of McCormick & Company, Incorporated by 2,778.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 456,920 shares of the company's stock worth $37,606,000 after buying an additional 441,048 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of McCormick & Company, Incorporated by 321.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 449,870 shares of the company's stock worth $34,298,000 after buying an additional 343,070 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its stake in shares of McCormick & Company, Incorporated by 3,499.8% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 334,777 shares of the company's stock worth $27,552,000 after buying an additional 325,477 shares in the last quarter. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Down 0.6 %

NYSE:MKC traded down $0.44 during trading hours on Friday, hitting $77.07. 1,334,099 shares of the company's stock traded hands, compared to its average volume of 1,949,610. The firm has a market cap of $20.67 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.67 and a beta of 0.75. McCormick & Company, Incorporated has a twelve month low of $64.86 and a twelve month high of $85.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock's fifty day moving average price is $76.62 and its two-hundred day moving average price is $78.39.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. On average, research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.34%. This is a positive change from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 30th. McCormick & Company, Incorporated's payout ratio is presently 61.43%.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.75.

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.