PFW Advisors LLC Purchases Shares of 10,893 McCormick & Company, Incorporated (NYSE:MKC)

PFW Advisors LLC acquired a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,893 shares of the company's stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at approximately $28,000. Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of McCormick & Company, Incorporated during the second quarter valued at approximately $39,000. Friedenthal Financial bought a new stake in McCormick & Company, Incorporated in the third quarter valued at $49,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in McCormick & Company, Incorporated in the third quarter valued at $50,000. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC traded down $0.18 on Monday, reaching $71.21. The company's stock had a trading volume of 3,305,262 shares, compared to its average volume of 1,821,485. The stock's 50 day simple moving average is $77.33 and its two-hundred day simple moving average is $77.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. The stock has a market capitalization of $19.11 billion, a P/E ratio of 24.22, a PEG ratio of 3.44 and a beta of 0.75. McCormick & Company, Incorporated has a 12-month low of $63.88 and a 12-month high of $85.49.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.53%. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. McCormick & Company, Incorporated's dividend payout ratio (DPR) is 61.22%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MKC shares. BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a research note on Wednesday, October 2nd. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Stifel Nicolaus increased their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a report on Wednesday, October 2nd. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Bank of America increased their target price 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 analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.50.

Insider Activity

In related news, Director Jacques Tapiero sold 5,000 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the completion of the transaction, the director now owns 28,217 shares of the company's stock, valued at approximately $2,210,237.61. This represents a 15.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 20,000 shares of company stock valued at $1,565,850 in the last ninety days. Corporate insiders own 22.90% of the company's stock.

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.

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