Stifel Financial Corp Has $25.69 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Stifel Financial Corp raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,953 shares of the company's stock after purchasing an additional 6,311 shares during the quarter. Stifel Financial Corp owned 0.13% of McCormick & Company, Incorporated worth $25,691,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MKC. Savvy Advisors Inc. acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at approximately $466,000. Somerville Kurt F grew its holdings in shares of McCormick & Company, Incorporated by 34.2% during the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company's stock valued at $7,325,000 after acquiring an additional 24,467 shares in the last quarter. DJE Kapital AG acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $4,228,000. SBI Securities Co. Ltd. purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $234,000. Finally, Asset Management One Co. Ltd. boosted its position in McCormick & Company, Incorporated by 16.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock valued at $10,547,000 after purchasing an additional 19,491 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

MKC stock traded down $0.45 during midday trading on Friday, hitting $74.56. 1,256,059 shares of the company traded hands, compared to its average volume of 1,959,944. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The business has a 50 day simple moving average of $79.18 and a 200-day simple moving average of $77.90.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, equities research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.41%. McCormick & Company, Incorporated's dividend payout ratio is presently 61.86%.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares in the company, valued at $475,814.31. This trade represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now owns 247,437 shares in the company, valued at approximately $20,242,820.97. The trade was a 16.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,842 shares of company stock worth $6,478,332 in the last 90 days. 23.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MKC shares. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a report on Friday, January 24th. Barclays reduced their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. Finally, Argus downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of "Hold" and a consensus target price of $83.14.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.