Bartlett & CO. Wealth Management LLC Has $46.33 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Bartlett & CO. Wealth Management LLC raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,908 shares of the company's stock after buying an additional 23,744 shares during the period. Bartlett & CO. Wealth Management LLC owned 0.21% of McCormick & Company, Incorporated worth $46,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in McCormick & Company, Incorporated by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 31,119,141 shares of the company's stock worth $2,390,261,000 after acquiring an additional 883,327 shares during the last quarter. Champlain Investment Partners LLC increased its position in McCormick & Company, Incorporated by 4.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,211,122 shares of the company's stock worth $246,646,000 after buying an additional 136,080 shares during the period. ProShare Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 2.4% during the first quarter. ProShare Advisors LLC now owns 2,622,602 shares of the company's stock worth $201,442,000 after buying an additional 60,512 shares during the last quarter. Nuance Investments LLC boosted its position in shares of McCormick & Company, Incorporated by 10.5% in the second quarter. Nuance Investments LLC now owns 1,052,220 shares of the company's stock valued at $74,644,000 after acquiring an additional 99,741 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of McCormick & Company, Incorporated by 97,525.5% in the second quarter. Point72 Asset Management L.P. now owns 976,255 shares of the company's stock worth $69,256,000 after acquiring an additional 975,255 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock traded up $0.16 during trading hours on Friday, hitting $80.18. The company had a trading volume of 1,526,895 shares, compared to its average volume of 1,927,508. McCormick & Company, Incorporated has a 12 month low of $59.45 and a 12 month high of $85.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The firm's fifty day moving average is $81.01 and its 200 day moving average is $75.80. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.66 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced 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 firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. The business's revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share. On average, sell-side analysts predict that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen upped their target price on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. Bank of America upped their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. BNP Paribas raised McCormick & Company, Incorporated to a "strong-buy" rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their price target on 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 assigned 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.57.

About McCormick & Company, Incorporated

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.