McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings Lessened by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,039 shares of the company's stock after selling 32,122 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.05% of McCormick & Company, Incorporated worth $10,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth approximately $1,024,000. MML Investors Services LLC raised its position in McCormick & Company, Incorporated by 10.3% in the fourth quarter. MML Investors Services LLC now owns 32,627 shares of the company's stock valued at $2,487,000 after purchasing an additional 3,049 shares during the period. MetLife Investment Management LLC increased its position in shares of McCormick & Company, Incorporated by 1.9% during the fourth quarter. MetLife Investment Management LLC now owns 66,741 shares of the company's stock valued at $5,088,000 after acquiring an additional 1,217 shares during the last quarter. Ossiam raised its position in McCormick & Company, Incorporated by 136.8% in the fourth quarter. Ossiam now owns 19,199 shares of the company's stock valued at $1,464,000 after purchasing an additional 11,092 shares during the period. Finally, Norinchukin Bank The lifted its stake in McCormick & Company, Incorporated by 98.9% during the 4th quarter. Norinchukin Bank The now owns 353,882 shares of the company's stock worth $26,980,000 after acquiring an additional 175,939 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Down 0.6 %

Shares of NYSE:MKC traded down $0.45 during midday trading on Friday, hitting $74.56. 1,256,059 shares of the company's stock traded hands, compared to its average volume of 1,956,199. The company has a market cap of $20.00 billion, a PE ratio of 25.45, a P/E/G ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The firm's fifty day moving average price is $79.21 and its two-hundred day moving average price is $77.94.

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

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.41%. McCormick & Company, Incorporated's payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. lifted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. Finally, Barclays dropped their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of "Hold" and an average price target of $83.14.

Insider Buying and Selling

In related news, Director Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total value of $4,090,500.00. Following the sale, the director now directly owns 247,437 shares in the company, valued at $20,242,820.97. This trade represents a 16.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. 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 quarter. 23.80% of the stock is owned by company insiders.

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.