MCCORMICK & CO /SH NV (MKC) Holdings Raised by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. grew its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 15.8% during the fourth quarter, HoldingsChannel reports. The firm owned 54,465 shares of the company’s stock after purchasing an additional 7,432 shares during the quarter. MCCORMICK & CO /SH accounts for approximately 1.4% of YHB Investment Advisors Inc.’s holdings, making the stock its 23rd biggest position. YHB Investment Advisors Inc.’s holdings in MCCORMICK & CO /SH were worth $7,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Callahan Advisors LLC purchased a new position in MCCORMICK & CO /SH in the third quarter worth about $550,000. Vanguard Group Inc. grew its position in MCCORMICK & CO /SH by 0.6% during the third quarter. Vanguard Group Inc. now owns 13,463,310 shares of the company’s stock valued at $1,773,790,000 after buying an additional 79,040 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in MCCORMICK & CO /SH by 14.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 13,950 shares of the company’s stock valued at $1,838,000 after buying an additional 1,734 shares during the period. Korea Investment CORP grew its position in MCCORMICK & CO /SH by 74.7% during the third quarter. Korea Investment CORP now owns 1,859 shares of the company’s stock valued at $245,000 after buying an additional 795 shares during the period. Finally, Three Peaks Capital Management LLC bought a new stake in MCCORMICK & CO /SH during the third quarter valued at approximately $3,240,000. 77.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MKC traded down $0.78 during mid-day trading on Friday, reaching $140.10. The stock had a trading volume of 71,028 shares, compared to its average volume of 1,245,695. The firm has a market cap of $18.47 billion, a P/E ratio of 32.89, a PEG ratio of 2.90 and a beta of 0.44. MCCORMICK & CO /SH NV has a 12 month low of $98.34 and a 12 month high of $156.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.79 and a quick ratio of 0.36.



The company also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be given a $0.57 dividend. This is a positive change from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, December 28th. MCCORMICK & CO /SH’s dividend payout ratio is presently 53.52%.

In other MCCORMICK & CO /SH news, VP Christina M. Mcmullen sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $147.44, for a total value of $58,976.00. Following the completion of the transaction, the vice president now directly owns 624 shares in the company, valued at $92,002.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alan D. Wilson sold 111,000 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the completion of the transaction, the insider now owns 218,644 shares of the company’s stock, valued at $30,739,159.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,200 shares of company stock valued at $30,747,866. Company insiders own 19.20% of the company’s stock.

Several analysts recently issued reports on MKC shares. Credit Suisse Group set a $108.00 target price on shares of MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Monday, December 3rd. Jefferies Financial Group set a $135.00 target price on shares of MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, September 27th. Barclays restated a “hold” rating and set a $129.00 target price on shares of MCCORMICK & CO /SH in a research report on Sunday, September 30th. Finally, UBS Group set a $130.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. MCCORMICK & CO /SH currently has an average rating of “Hold” and an average target price of $127.00.

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MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCCORMICK & CO /SH NV (NYSE:MKC).

Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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