McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Clean Yield Group

Clean Yield Group grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,315 shares of the company's stock after acquiring an additional 7,030 shares during the quarter. McCormick & Company, Incorporated comprises about 1.8% of Clean Yield Group's investment portfolio, making the stock its 18th biggest holding. Clean Yield Group's holdings in McCormick & Company, Incorporated were worth $5,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its holdings in shares of McCormick & Company, Incorporated by 87.5% in the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company's stock worth $27,000 after buying an additional 175 shares during the last quarter. OFI Invest Asset Management purchased a new position in McCormick & Company, Incorporated during the second quarter valued at approximately $29,000. 1620 Investment Advisors Inc. purchased a new position in McCormick & Company, Incorporated during the second quarter valued at approximately $35,000. Strategic Investment Solutions Inc. IL bought a new position in shares of McCormick & Company, Incorporated in the second quarter worth approximately $39,000. Finally, Farmers & Merchants Investments Inc. increased its stake in McCormick & Company, Incorporated by 40.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 794 shares of the company's stock worth $56,000 after buying an additional 228 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MKC. TD Cowen lifted their target price on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Bank of America increased their price target on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Citigroup raised shares of McCormick & Company, Incorporated from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $68.00 to $69.00 in a research note on Wednesday, June 12th. BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of "Hold" and a consensus target price of $79.57.

McCormick & Company, Incorporated Stock Up 0.3 %

Shares of MKC traded up $0.25 during mid-day trading on Tuesday, hitting $79.63. The company's stock had a trading volume of 1,404,506 shares, compared to its average volume of 1,951,349. The company has a current ratio of 0.69, a quick ratio of 0.31 and a debt-to-equity ratio of 0.62. The company's 50-day moving average is $80.49 and its 200-day moving average is $75.48. McCormick & Company, Incorporated has a 52-week low of $59.13 and a 52-week high of $85.49. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 4.24 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.15. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The company's revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be issued a dividend of $0.42 per share. The ex-dividend date is Monday, October 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.11%. McCormick & Company, Incorporated's dividend payout ratio is presently 61.31%.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Lawrence Erik Kurzius sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the director now owns 199,258 shares in the company, valued at $14,944,350. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.90% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.