McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Vest Financial LLC

Vest Financial LLC lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 11.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 656,940 shares of the company's stock after purchasing an additional 69,671 shares during the quarter. Vest Financial LLC owned about 0.24% of McCormick & Company, Incorporated worth $54,066,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms have recently commented on MKC. Bank of America boosted their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus boosted their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen boosted their price target on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock 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. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $79.57.

McCormick & Company, Incorporated Stock Up 0.2 %

Shares of MKC stock traded up $0.16 during trading hours on Friday, hitting $80.18. 1,526,895 shares of the company were exchanged, compared to its average volume of 1,927,508. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 3.66 and a beta of 0.77. McCormick & Company, Incorporated has a one year low of $59.45 and a one year high of $85.49. The business's 50-day simple moving average is $81.01 and its two-hundred day simple moving average is $75.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data 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 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%. McCormick & Company, Incorporated's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts predict that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis 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 presently 61.31%.

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.