Crestwood Advisors Group LLC Purchases 7,114 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Crestwood Advisors Group LLC increased its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 567,762 shares of the company's stock after acquiring an additional 7,114 shares during the quarter. Crestwood Advisors Group LLC owned about 0.21% of McCormick & Company, Incorporated worth $46,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 valued at $2,390,261,000 after acquiring an additional 883,327 shares during the period. Champlain Investment Partners LLC raised its stake in shares of 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 valued at $246,646,000 after purchasing an additional 136,080 shares during the period. ProShare Advisors LLC lifted its holdings 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 purchasing an additional 60,512 shares in the last quarter. Nuance Investments LLC lifted its holdings in McCormick & Company, Incorporated by 10.5% during the 2nd quarter. Nuance Investments LLC now owns 1,052,220 shares of the company's stock worth $74,644,000 after purchasing an additional 99,741 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in McCormick & Company, Incorporated by 97,525.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 976,255 shares of the company's stock worth $69,256,000 after purchasing an additional 975,255 shares during the period. 79.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MKC has been the topic of a number of recent analyst reports. BNP Paribas raised shares of McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus upped their target price 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. Bank of America raised 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. Finally, TD Cowen boosted 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. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of "Hold" and a consensus target price of $79.57.

Insider Activity

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $78.33, for a total value of $391,650.00. Following the transaction, the director now directly owns 28,217 shares of the company's stock, valued at $2,210,237.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.90% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

NYSE:MKC traded up $0.65 during mid-day trading on Tuesday, reaching $78.83. The stock had a trading volume of 1,274,443 shares, compared to its average volume of 1,911,047. The stock has a market capitalization of $21.15 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.60 and a beta of 0.77. The firm has a 50 day moving average price of $81.08 and a two-hundred day moving average price of $76.19. 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 has a one year low of $63.67 and a one year high of $85.49.

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 analysts' consensus estimates of $0.68 by $0.15. The company 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 firm's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, analysts expect that McCormick & Company, Incorporated will post 2.92 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, October 7th. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 57.14%.

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.