McCormick & Company, Incorporated (NYSE:MKC) VP Sells $223,905.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) VP Gregory Repas sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at $184,497.72. This represents a 54.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

McCormick & Company, Incorporated Stock Down 3.4 %

NYSE:MKC traded down $2.59 during mid-day trading on Monday, reaching $73.87. The stock had a trading volume of 4,690,877 shares, compared to its average volume of 1,922,785. The business's 50 day moving average is $79.84 and its 200 day moving average is $78.62. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The stock has a market cap of $19.81 billion, a P/E ratio of 25.21, a PEG ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly 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 business 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. As a group, sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

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McCormick & Company, Incorporated Announces Dividend

The business 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. The ex-dividend date is Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.44%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is currently 61.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MKC shares. Argus cut McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their price objective 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 upped their target price for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a report on Friday, January 24th. Finally, Barclays lowered 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 research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.14.

Institutional Trading of McCormick & Company, Incorporated

Several large investors have recently made changes to their positions in the stock. Curio Wealth LLC bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $30,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated during the fourth quarter valued at approximately $33,000. Twin Tree Management LP bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $33,000. Ameriflex Group Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $33,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth $37,000. Institutional investors own 79.74% of the company's stock.

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.