McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 1.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,792 shares of the company’s stock after selling 290 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in McCormick & Company, Incorporated were worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc lifted its holdings in shares of McCormick & Company, Incorporated by 100.0% during the fourth quarter. Focused Wealth Management Inc now owns 282 shares of the company’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of McCormick & Company, Incorporated by 100.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 282 shares of the company’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at $30,000. Valeo Financial Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 75.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 331 shares of the company’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 101.1% during the fourth quarter. Assetmark Inc. now owns 366 shares of the company’s stock valued at $35,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 74.39% of the company’s stock.

McCormick & Company, Incorporated stock traded down $0.28 during mid-day trading on Friday, hitting $88.46. The company’s stock had a trading volume of 8,718 shares, compared to its average volume of 1,328,055. The stock’s 50 day moving average is $89.63. The firm has a market cap of $23.62 billion, a P/E ratio of 31.30, a PEG ratio of 4.47 and a beta of 0.46. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 1.14. McCormick & Company, Incorporated has a 52-week low of $82.03 and a 52-week high of $105.54.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Monday, March 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. McCormick & Company, Incorporated had a return on equity of 20.64% and a net margin of 13.02%. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 26th. Shareholders of record on Monday, April 12th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, April 9th. McCormick & Company, Incorporated’s payout ratio is currently 48.06%.

Separately, Argus reissued a “hold” rating on shares of McCormick & Company, Incorporated in a research note on Tuesday, March 23rd.

McCormick & Company, Incorporated Company 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 & Company, Incorporated (NYSE:MKC)

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