Mirabella Financial Services LLP Takes $1.02 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Mirabella Financial Services LLP acquired a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,440 shares of the company's stock, valued at approximately $1,024,000.

Several other large investors have also recently bought and sold shares of the company. Curio Wealth LLC acquired a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at $30,000. Albion Financial Group UT acquired a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Twin Tree Management LP bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Lee Danner & Bass Inc. bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $37,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 79.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 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. Barclays decreased 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. Finally, JPMorgan Chase & Co. raised their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a report on Friday, January 24th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.14.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were 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 of the company's stock, valued at $184,497.72. The trade was a 54.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,842 shares of company stock worth $6,478,332. Corporate insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Stock Down 0.6 %

Shares of MKC traded down $0.45 on Friday, hitting $74.56. The company's stock had a trading volume of 1,256,059 shares, compared to its average volume of 1,957,096. The firm's fifty day moving average price is $79.18 and its 200-day moving average price is $77.91. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts' consensus estimates 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 company's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

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

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.