Janus Henderson Group PLC Buys 102,387 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

Janus Henderson Group PLC lifted its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 7.6% in the second quarter, Holdings Channel.com reports. The fund owned 1,454,501 shares of the company’s stock after purchasing an additional 102,387 shares during the period. Janus Henderson Group PLC’s holdings in MCCORMICK & CO /SH were worth $225,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Private Ocean LLC bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $27,000. Winslow Evans & Crocker Inc. bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $36,000. Glassman Wealth Services boosted its holdings in shares of MCCORMICK & CO /SH by 43.7% in the first quarter. Glassman Wealth Services now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 73 shares during the period. Ascent Wealth Partners LLC bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $41,000. Finally, Farmers National Bank bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $45,000. 79.22% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on MKC. Zacks Investment Research raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 price target for the company in a report on Thursday, May 30th. UBS Group set a $155.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. JPMorgan Chase & Co. raised their price target on MCCORMICK & CO /SH from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, Citigroup raised their price target on MCCORMICK & CO /SH from $155.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $142.67.



In related news, VP Michael R. Smith sold 9,100 shares of MCCORMICK & CO /SH stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $160.84, for a total transaction of $1,463,644.00. Following the completion of the sale, the vice president now owns 30,453 shares of the company’s stock, valued at $4,898,060.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret M. V. Preston sold 3,865 shares of MCCORMICK & CO /SH stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.31, for a total value of $596,408.15. Following the sale, the director now directly owns 30,674 shares of the company’s stock, valued at approximately $4,733,304.94. The disclosure for this sale can be found here. Insiders have sold 15,035 shares of company stock valued at $2,378,874 in the last three months. 11.00% of the stock is owned by corporate insiders.

NYSE:MKC traded up $0.84 during trading hours on Wednesday, hitting $167.97. 6,760 shares of the company’s stock traded hands, compared to its average volume of 1,068,590. The company has a market cap of $22.15 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 3.85 and a beta of 0.18. MCCORMICK & CO /SH NV has a 52 week low of $119.00 and a 52 week high of $167.73. The company has a fifty day moving average of $159.29. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 1.18.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.02 earnings per share. As a group, equities research analysts anticipate that MCCORMICK & CO /SH NV will post 5.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, July 5th. MCCORMICK & CO /SH’s dividend payout ratio is 45.88%.

About MCCORMICK & CO /SH

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

Read More: Leveraged Buyout (LBO)

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

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