16,105 Shares in McCormick & Company, Incorporated (NYSE:MKC) Purchased by Inspire Advisors LLC

Inspire Advisors LLC purchased a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,105 shares of the company's stock, valued at approximately $1,325,000.

A number of other hedge funds also recently bought and sold shares of the business. Capital Advisors Ltd. LLC grew its position in McCormick & Company, Incorporated by 87.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of McCormick & Company, Incorporated during the second quarter valued at $29,000. 1620 Investment Advisors Inc. bought a new position in shares of McCormick & Company, Incorporated in the second quarter worth about $35,000. Strategic Investment Solutions Inc. IL purchased a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $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 during the period. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded up $0.16 during trading hours on Friday, reaching $80.18. The company had a trading volume of 1,466,032 shares, compared to its average volume of 1,927,508. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. McCormick & Company, Incorporated has a 1-year low of $59.45 and a 1-year high of $85.49. The business's 50 day moving average price is $81.01 and its 200-day moving average price is $75.82. The firm has a market cap of $21.54 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Tuesday, October 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.15. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The business's revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Research analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.31%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BNP Paribas raised shares of McCormick & Company, Incorporated to a "strong-buy" rating in a research report on Wednesday, October 2nd. Bank of America boosted 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. TD Cowen raised their price objective on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $79.57.

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.