Voya Investment Management LLC Has $269.06 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Voya Investment Management LLC increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,530,972 shares of the company's stock after acquiring an additional 326,041 shares during the quarter. Voya Investment Management LLC owned about 1.32% of McCormick & Company, Incorporated worth $269,060,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MKC. Syon Capital LLC increased its holdings in shares of McCormick & Company, Incorporated by 8.0% during the 4th quarter. Syon Capital LLC now owns 3,634 shares of the company's stock worth $277,000 after purchasing an additional 270 shares during the period. T. Rowe Price Investment Management Inc. grew its position in McCormick & Company, Incorporated by 6.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,215,030 shares of the company's stock worth $245,114,000 after buying an additional 190,856 shares in the last quarter. MGO One Seven LLC grew its position in McCormick & Company, Incorporated by 8.2% during the fourth quarter. MGO One Seven LLC now owns 6,116 shares of the company's stock worth $466,000 after buying an additional 461 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in McCormick & Company, Incorporated by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 601,322 shares of the company's stock valued at $45,846,000 after acquiring an additional 2,766 shares during the period. Finally, Stifel Financial Corp raised its holdings in McCormick & Company, Incorporated by 1.9% in the 4th quarter. Stifel Financial Corp now owns 336,953 shares of the company's stock valued at $25,691,000 after acquiring an additional 6,311 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC traded down $0.45 during midday trading on Friday, reaching $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 12 month low of $66.88 and a 12 month high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock's 50-day simple moving average is $79.18 and its 200-day simple moving average is $77.90. The firm has a market cap of $20.00 billion, a PE ratio of 25.45, a PEG ratio of 3.76 and a beta of 0.75.

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

McCormick & Company, Incorporated Dividend Announcement

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

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the completion of the sale, the director now directly owns 247,437 shares of the company's stock, valued at approximately $20,242,820.97. This represents a 16.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,842 shares of company stock worth $6,478,332. Insiders own 23.80% of the company's stock.

Analyst Ratings Changes

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

McCormick & Company, Incorporated Company Profile

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.