E. Ohman J or Asset Management AB Purchases 325,477 Shares of McCormick & Company, Incorporated (NYSE:MKC)

E. Ohman J or Asset Management AB grew its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 3,499.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,777 shares of the company's stock after purchasing an additional 325,477 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.12% of McCormick & Company, Incorporated worth $27,552,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of McCormick & Company, Incorporated by 13.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 121,333 shares of the company's stock valued at $9,320,000 after purchasing an additional 14,641 shares in the last quarter. WoodTrust Financial Corp boosted its holdings in shares of McCormick & Company, Incorporated by 12.4% during the 1st quarter. WoodTrust Financial Corp now owns 5,450 shares of the company's stock valued at $419,000 after buying an additional 600 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $215,000. Oak Thistle LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $658,000. Finally, Compton Financial Group LLC bought a new position in shares of McCormick & Company, Incorporated in the 1st quarter worth about $203,000. 79.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MKC shares. BNP Paribas raised shares of McCormick & Company, Incorporated to a "strong-buy" rating in a research note on Wednesday, October 2nd. Stifel Nicolaus upped their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. TD Cowen raised their price objective on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a "buy" 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 presently has a consensus rating of "Hold" and a consensus price target of $79.57.

McCormick & Company, Incorporated Stock Down 1.2 %

MKC stock traded down $0.91 during midday trading on Friday, hitting $77.86. The company's stock had a trading volume of 1,129,174 shares, compared to its average volume of 1,927,726. The firm's 50-day moving average is $81.14 and its 200-day moving average is $75.88. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 12 month low of $62.54 and a 12 month high of $85.49. The company has a market cap of $20.89 billion, a PE ratio of 26.52, a P/E/G ratio of 3.62 and a beta of 0.77.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.16%. McCormick & Company, Incorporated's dividend payout ratio is presently 57.14%.

McCormick & Company, Incorporated 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.