PFG Investments LLC Has $478,000 Holdings in McCormick & Company, Incorporated (NYSE:MKC)

PFG Investments LLC grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,981 shares of the company’s stock after buying an additional 179 shares during the period. PFG Investments LLC’s holdings in McCormick & Company, Incorporated were worth $478,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MKC. American Century Companies Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 15.9% during the 1st quarter. American Century Companies Inc. now owns 5,072 shares of the company’s stock worth $506,000 after buying an additional 696 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of McCormick & Company, Incorporated by 28.1% during the 1st quarter. Vontobel Holding Ltd. now owns 6,448 shares of the company’s stock worth $627,000 after buying an additional 1,415 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of McCormick & Company, Incorporated by 1.0% during the 1st quarter. Sei Investments Co. now owns 108,139 shares of the company’s stock worth $10,803,000 after buying an additional 1,048 shares in the last quarter. Prudential PLC bought a new position in shares of McCormick & Company, Incorporated during the 1st quarter worth approximately $543,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of McCormick & Company, Incorporated during the 1st quarter worth approximately $313,000. 79.74% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the sale, the director now owns 39,181 shares of the company’s stock, valued at approximately $2,554,601.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Trading Down 1.7 %

Shares of McCormick & Company, Incorporated stock opened at $76.02 on Thursday. McCormick & Company, Incorporated has a 1 year low of $59.13 and a 1 year high of $94.39. The firm has a market cap of $20.39 billion, a PE ratio of 29.02, a P/E/G ratio of 4.20 and a beta of 0.73. The stock has a fifty day moving average price of $67.73 and a 200-day moving average price of $67.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.28.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm posted $0.59 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that McCormick & Company, Incorporated will post 2.82 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. McCormick & Company, Incorporated’s dividend payout ratio is presently 64.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Barclays cut their target price on McCormick & Company, Incorporated from $74.00 to $71.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 16th. Citigroup increased their target price on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Wednesday. Consumer Edge cut McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus increased their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.63.

About McCormick & Company, Incorporated

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.