McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,836 shares of the company’s stock after selling 1,939 shares during the period. Signaturefd LLC’s holdings in McCormick & Company, Incorporated were worth $468,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in McCormick & Company, Incorporated by 91.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,182 shares of the company’s stock valued at $89,000 after acquiring an additional 566 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in McCormick & Company, Incorporated by 80.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 16,610 shares of the company’s stock valued at $1,256,000 after acquiring an additional 7,397 shares during the last quarter. SS&H Financial Advisors Inc. bought a new position in McCormick & Company, Incorporated during the 3rd quarter valued at $202,000. Oak Thistle LLC bought a new position in McCormick & Company, Incorporated during the 3rd quarter valued at $1,038,000. Finally, Czech National Bank boosted its stake in McCormick & Company, Incorporated by 47.8% during the 3rd quarter. Czech National Bank now owns 43,887 shares of the company’s stock valued at $3,320,000 after acquiring an additional 14,193 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on MKC shares. JPMorgan Chase & Co. reduced their price objective on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, January 26th. Citigroup increased their price objective on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Wednesday, March 27th. Consumer Edge downgraded shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 22nd. Argus upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, 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 research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.88.

McCormick & Company, Incorporated Trading Up 1.1 %

Shares of NYSE:MKC opened at $75.85 on Thursday. The company has a market cap of $20.36 billion, a PE ratio of 28.95, a P/E/G ratio of 3.85 and a beta of 0.74. The company’s 50-day moving average price is $71.22 and its 200 day moving average price is $67.69. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. McCormick & Company, Incorporated’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.68 annualized dividend and a yield of 2.21%. McCormick & Company, Incorporated’s dividend payout ratio is presently 64.12%.

Insider Activity at McCormick & Company, Incorporated

In related news, insider Katherine Jenkins sold 1,726 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.35, for a total value of $128,328.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $77.00, for a total transaction of $539,000.00. Following the transaction, the director now owns 5,594 shares of the company’s stock, valued at approximately $430,738. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.35, for a total transaction of $128,328.10. The disclosure for this sale can be found here. Insiders have sold a total of 33,726 shares of company stock worth $2,504,728 in the last ninety days. 22.90% of the stock is owned by insiders.

McCormick & Company, Incorporated Company Profile

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.