Roundview Capital LLC Invests $1.33 Million in McCormick & Company, Incorporated (NYSE:MKC)

Roundview Capital LLC purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKCGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,813 shares of the company’s stock, valued at approximately $1,334,000.

A number of other large investors have also bought and sold shares of the stock. Smith Shellnut Wilson LLC ADV raised its position in McCormick & Company, Incorporated by 2.3% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 4,606 shares of the company’s stock valued at $445,000 after purchasing an additional 102 shares during the last quarter. WealthPLAN Partners LLC raised its position in McCormick & Company, Incorporated by 3.0% in the 3rd quarter. WealthPLAN Partners LLC now owns 3,764 shares of the company’s stock valued at $331,000 after purchasing an additional 108 shares during the last quarter. Vantage Consulting Group Inc raised its position in McCormick & Company, Incorporated by 5.1% in the 3rd quarter. Vantage Consulting Group Inc now owns 2,592 shares of the company’s stock valued at $210,000 after purchasing an additional 126 shares during the last quarter. Lumature Wealth Partners LLC raised its position in McCormick & Company, Incorporated by 65.3% in the 4th quarter. Lumature Wealth Partners LLC now owns 324 shares of the company’s stock valued at $31,000 after purchasing an additional 128 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in McCormick & Company, Incorporated by 1.2% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,184 shares of the company’s stock valued at $906,000 after purchasing an additional 130 shares during the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

In other McCormick & Company, Incorporated news, CFO Michael R. Smith sold 19,986 shares of the business’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $104.04, for a total value of $2,079,343.44. Following the completion of the transaction, the chief financial officer now directly owns 93,025 shares of the company’s stock, valued at $9,678,321. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.90% of the stock is currently owned by insiders.

Shares of McCormick & Company, Incorporated stock traded up $2.40 during trading on Friday, reaching $100.27. 945,926 shares of the company were exchanged, compared to its average volume of 1,041,404. The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.86. McCormick & Company, Incorporated has a twelve month low of $77.85 and a twelve month high of $107.35. The business has a 50-day moving average price of $99.50 and a 200-day moving average price of $94.91. The firm has a market capitalization of $26.88 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 5.08 and a beta of 0.45.

McCormick & Company, Incorporated (NYSE:MKCGet Rating) last announced its quarterly earnings data on Tuesday, March 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. McCormick & Company, Incorporated had a return on equity of 18.00% and a net margin of 11.77%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 25th. Shareholders of record on Monday, April 11th were paid a $0.37 dividend. The ex-dividend date was Friday, April 8th. This represents a $1.48 dividend on an annualized basis and a yield of 1.48%. McCormick & Company, Incorporated’s payout ratio is 53.43%.

A number of research firms have recently weighed in on MKC. StockNews.com began coverage on McCormick & Company, Incorporated in a research report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group downgraded McCormick & Company, Incorporated from an “outperform” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Wednesday, January 19th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Thursday, February 17th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on McCormick & Company, Incorporated from $96.00 to $99.00 in a research report on Wednesday, March 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus target price of $99.80.

McCormick & Company, Incorporated Company Profile (Get Rating)

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

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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