McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 321.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 449,870 shares of the company's stock after acquiring an additional 343,070 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of McCormick & Company, Incorporated worth $34,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wallington Asset Management LLC grew its stake in McCormick & Company, Incorporated by 3.4% in the 3rd quarter. Wallington Asset Management LLC now owns 4,136 shares of the company's stock worth $340,000 after acquiring an additional 136 shares during the period. Aurora Investment Counsel grew its stake in McCormick & Company, Incorporated by 2.1% in the 3rd quarter. Aurora Investment Counsel now owns 8,443 shares of the company's stock worth $695,000 after acquiring an additional 172 shares during the period. UMB Bank n.a. grew its stake in McCormick & Company, Incorporated by 0.9% in the 3rd quarter. UMB Bank n.a. now owns 20,134 shares of the company's stock worth $1,657,000 after acquiring an additional 176 shares during the period. Ritholtz Wealth Management grew its stake in McCormick & Company, Incorporated by 0.9% in the 3rd quarter. Ritholtz Wealth Management now owns 19,482 shares of the company's stock worth $1,603,000 after acquiring an additional 177 shares during the period. Finally, Apeiron RIA LLC grew its stake in McCormick & Company, Incorporated by 3.8% in the 4th quarter. Apeiron RIA LLC now owns 4,803 shares of the company's stock worth $366,000 after acquiring an additional 178 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the director now owns 40,436 shares in the company, valued at $3,194,444. The trade was a 11.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 15,000 shares of company stock worth $1,173,350. 22.90% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Stock Down 0.7 %

Shares of NYSE:MKC traded down $0.54 during midday trading on Friday, hitting $77.24. 1,462,084 shares of the company's stock traded hands, compared to its average volume of 2,158,164. 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 $20.73 billion, a PE ratio of 26.36, a P/E/G ratio of 3.66 and a beta of 0.75. The firm's fifty day moving average price is $76.73 and its two-hundred day moving average price is $78.16. McCormick & Company, Incorporated has a twelve month low of $64.33 and a twelve month high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its 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 net margin of 11.73% and a return on equity of 14.89%. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 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. Investors of record on Monday, December 30th were issued a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a dividend yield of 2.33%. McCormick & Company, Incorporated's payout ratio is presently 61.43%.

Analysts Set New Price Targets

Several analysts have commented on MKC shares. JPMorgan Chase & Co. lifted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research note on Friday, January 24th. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, Barclays lowered their price objective 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.75.

About McCormick & Company, Incorporated

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.