Wellington Management Group LLP Has $11.55 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Wellington Management Group LLP increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 151,523 shares of the company's stock after buying an additional 11,795 shares during the period. Wellington Management Group LLP owned 0.06% of McCormick & Company, Incorporated worth $11,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MKC. DJE Kapital AG acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $4,228,000. SBI Securities Co. Ltd. acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $234,000. Asset Management One Co. Ltd. boosted its position in shares of McCormick & Company, Incorporated by 16.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock valued at $10,547,000 after acquiring an additional 19,491 shares during the period. DAVENPORT & Co LLC grew its stake in shares of McCormick & Company, Incorporated by 16.4% in the fourth quarter. DAVENPORT & Co LLC now owns 87,870 shares of the company's stock valued at $6,699,000 after acquiring an additional 12,356 shares in the last quarter. Finally, PFW Advisors LLC bought a new position in McCormick & Company, Incorporated during the fourth quarter worth about $830,000. Institutional investors and hedge funds own 79.74% of the company's stock.

Insider Activity at McCormick & Company, Incorporated

In other news, VP Gregory Repas sold 2,750 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total value of $223,905.00. Following the transaction, the vice president now directly owns 2,266 shares of the company's stock, valued at $184,497.72. The trade was a 54.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction dated 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 owns 6,177 shares in the company, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,842 shares of company stock worth $6,478,332 over the last ninety days. Insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Trading Down 1.2 %

McCormick & Company, Incorporated stock traded down $0.92 during trading hours on Tuesday, hitting $76.68. The stock had a trading volume of 205,502 shares, compared to its average volume of 1,942,292. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 26.18, a P/E/G 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's 50 day simple moving average is $79.54 and its 200-day simple moving average is $78.25. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, April 7th. McCormick & Company, Incorporated's dividend payout ratio is currently 61.86%.

Analysts Set New Price Targets

MKC has been the subject of a number of analyst reports. TD Cowen upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Barclays dropped their price target on 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. Argus lowered shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 24th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of "Hold" and a consensus price target 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.