MCCORMICK & CO /SH NV (NYSE:MKC) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. lowered its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,694 shares of the company’s stock after selling 592 shares during the quarter. MCCORMICK & CO /SH comprises approximately 1.1% of Albert D Mason Inc.’s investment portfolio, making the stock its 27th biggest holding. Albert D Mason Inc.’s holdings in MCCORMICK & CO /SH were worth $1,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKC. Thoroughbred Financial Services LLC increased its stake in shares of MCCORMICK & CO /SH by 16,307.6% during the second quarter. Thoroughbred Financial Services LLC now owns 552,117 shares of the company’s stock valued at $55,212,000 after acquiring an additional 548,752 shares during the period. Invesco Ltd. increased its stake in shares of MCCORMICK & CO /SH by 53.2% during the second quarter. Invesco Ltd. now owns 1,404,090 shares of the company’s stock valued at $217,649,000 after acquiring an additional 487,834 shares during the period. Nuveen Asset Management LLC increased its stake in shares of MCCORMICK & CO /SH by 14,359.4% during the second quarter. Nuveen Asset Management LLC now owns 433,638 shares of the company’s stock valued at $67,218,000 after acquiring an additional 430,639 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of MCCORMICK & CO /SH by 83.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 612,649 shares of the company’s stock valued at $92,284,000 after acquiring an additional 278,184 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of MCCORMICK & CO /SH by 1.6% during the second quarter. Vanguard Group Inc. now owns 14,406,576 shares of the company’s stock valued at $2,233,164,000 after acquiring an additional 231,324 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

In related news, Director Jacques Tapiero sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $169.21, for a total transaction of $423,025.00. Following the completion of the sale, the director now directly owns 10,868 shares in the company, valued at $1,838,974.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lisa Manzone sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $167.05, for a total transaction of $467,740.00. Following the sale, the vice president now owns 11,260 shares of the company’s stock, valued at $1,880,983. The disclosure for this sale can be found here. Insiders have sold 39,902 shares of company stock valued at $6,725,405 over the last 90 days. 11.00% of the stock is currently owned by insiders.

Shares of NYSE:MKC opened at $160.46 on Thursday. The stock has a market capitalization of $21.33 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 3.73 and a beta of 0.14. MCCORMICK & CO /SH NV has a 1-year low of $119.00 and a 1-year high of $171.10. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.37 and a current ratio of 0.78. The company has a 50 day moving average price of $162.11 and a 200 day moving average price of $158.62.

MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Tuesday, October 1st. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.17. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. MCCORMICK & CO /SH had a net margin of 13.12% and a return on equity of 21.63%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. On average, sell-side analysts expect that MCCORMICK & CO /SH NV will post 5.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, October 4th. MCCORMICK & CO /SH’s payout ratio is 45.88%.

A number of research analysts recently commented on the stock. ValuEngine lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup raised their price objective on shares of MCCORMICK & CO /SH from $155.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. UBS Group set a $155.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. lowered shares of MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $154.00 to $150.00 in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $154.86.

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 in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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

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