Envestnet Asset Management Inc. Has $45.97 Million Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Envestnet Asset Management Inc. raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 602,986 shares of the company's stock after buying an additional 11,563 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of McCormick & Company, Incorporated worth $45,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of McCormick & Company, Incorporated by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 139,728 shares of the company's stock valued at $11,500,000 after buying an additional 24,881 shares during the period. Somerville Kurt F lifted its position in McCormick & Company, Incorporated by 34.2% during the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company's stock valued at $7,325,000 after purchasing an additional 24,467 shares during the period. DJE Kapital AG bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $4,228,000. SBI Securities Co. Ltd. acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $234,000. Finally, Asset Management One Co. Ltd. grew its position in shares of McCormick & Company, Incorporated by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock worth $10,547,000 after buying an additional 19,491 shares during the period. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Down 0.3 %

Shares of NYSE MKC traded down $0.26 during mid-day trading on Wednesday, reaching $75.01. 370,929 shares of the company's stock were exchanged, compared to its average volume of 2,310,058. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.76 and a beta of 0.75. The business has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $78.23.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. As a group, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.86%.

Insider Activity

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total value of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at approximately $184,497.72. The trade was a 54.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the transaction, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This trade represents a 16.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,842 shares of company stock worth $6,478,332 over the last three months. Corporate insiders own 23.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MKC shares. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a report on Monday, January 27th. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus downgraded McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of "Hold" and a consensus price target of $83.14.

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.