Quadrature Capital Ltd Buys New Stake in McCormick & Company, Incorporated (NYSE:MKC)

Quadrature Capital Ltd bought a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,377 shares of the company's stock, valued at approximately $1,923,000.

A number of other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in McCormick & Company, Incorporated during the 3rd quarter worth about $20,227,000. Hemenway Trust Co LLC increased its stake in McCormick & Company, Incorporated by 71.5% in the 3rd quarter. Hemenway Trust Co LLC now owns 140,362 shares of the company's stock valued at $11,552,000 after buying an additional 58,511 shares during the period. Oppenheimer & Co. Inc. lifted its position in McCormick & Company, Incorporated by 57.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 40,077 shares of the company's stock worth $3,298,000 after buying an additional 14,652 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of McCormick & Company, Incorporated by 470.6% during the 1st quarter. Cetera Investment Advisers now owns 37,958 shares of the company's stock valued at $2,916,000 after buying an additional 31,306 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in shares of McCormick & Company, Incorporated by 1.1% during the 2nd quarter. Boston Trust Walden Corp now owns 632,674 shares of the company's stock valued at $44,882,000 after acquiring an additional 6,588 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company's stock.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.34, for a total value of $386,700.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at approximately $2,182,302.78. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is owned by company insiders.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE:MKC traded down $0.64 during trading on Friday, reaching $77.50. The stock had a trading volume of 1,557,498 shares, compared to its average volume of 1,628,502. The stock has a fifty day simple moving average of $78.46 and a two-hundred day simple moving average of $76.46. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 52 week low of $63.88 and a 52 week high of $85.49. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 3.31 and a beta of 0.75.

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

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. This is an increase from McCormick & Company, Incorporated's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.32%. McCormick & Company, Incorporated's dividend payout ratio (DPR) is presently 61.22%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MKC. 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 report on Wednesday, October 2nd. BNP Paribas upgraded McCormick & Company, Incorporated to a "strong-buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a "hold" rating in a research note on Wednesday, October 2nd. Finally, TD Cowen raised their price target on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company 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 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 a consensus rating of "Hold" and a consensus price target of $79.57.

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.