Katherine Jenkins Sells 1,726 Shares of McCormick & Company, Incorporated (NYSE:MKC) Stock

McCormick & Company, Incorporated (NYSE:MKC) insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.35, for a total transaction of $128,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $75.85 on Thursday. McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $94.39. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $71.22 and a 200 day moving average of $67.69. The stock has a market cap of $20.36 billion, a P/E ratio of 28.95, a P/E/G ratio of 3.83 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $0.59 EPS. McCormick & Company, Incorporated’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, April 5th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 64.12%.

Analyst Ratings Changes

Several research firms recently commented on MKC. Citigroup lifted their target price on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Argus upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, April 2nd. Stifel Nicolaus raised their price target on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, March 27th. Finally, Barclays raised their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Two analysts have 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. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $77.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Financial Group LLC bought a new position in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $29,000. Anchor Investment Management LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter valued at approximately $36,000. Milestone Investment Advisors LLC bought a new position in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $47,000. VisionPoint Advisory Group LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter valued at approximately $44,000. Finally, Private Trust Co. NA raised its position in McCormick & Company, Incorporated by 59.1% during the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

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.