Vest Financial LLC Has $54.94 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Vest Financial LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 720,578 shares of the company's stock after purchasing an additional 63,638 shares during the period. Vest Financial LLC owned about 0.27% of McCormick & Company, Incorporated worth $54,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MKC. State Street Corp raised its stake in shares of McCormick & Company, Incorporated by 7.8% in the third quarter. State Street Corp now owns 15,315,905 shares of the company's stock valued at $1,260,499,000 after acquiring an additional 1,114,706 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of McCormick & Company, Incorporated by 0.9% in the third quarter. Geode Capital Management LLC now owns 5,886,987 shares of the company's stock valued at $482,823,000 after buying an additional 54,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of McCormick & Company, Incorporated by 6.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,003,136 shares of the company's stock valued at $247,158,000 after buying an additional 177,567 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in McCormick & Company, Incorporated by 58.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,544,531 shares of the company's stock worth $127,115,000 after acquiring an additional 568,276 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in McCormick & Company, Incorporated by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,052 shares of the company's stock valued at $120,409,000 after acquiring an additional 30,696 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

McCormick & Company, Incorporated Trading Down 0.4 %

NYSE:MKC traded down $0.30 during trading hours on Wednesday, hitting $76.90. The stock had a trading volume of 1,435,371 shares, compared to its average volume of 1,994,749. The business's 50 day moving average is $76.65 and its 200-day moving average is $78.41. 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 company has a market cap of $20.62 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 3.67 and a beta of 0.75. McCormick & Company, Incorporated has a one year low of $64.33 and a one year high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) 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%. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.34%. This is a positive change 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 61.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MKC shares. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a research note on Friday, January 24th. Finally, Barclays cut their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $83.75.

McCormick & Company, Incorporated Company 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.