Motley Fool Asset Management LLC Sells 181 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Motley Fool Asset Management LLC lessened its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,177 shares of the company’s stock after selling 181 shares during the period. Motley Fool Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $321,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MKC. Raymond James Financial Services Advisors Inc. increased its holdings in McCormick & Company, Incorporated by 8.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 177,242 shares of the company’s stock worth $12,127,000 after purchasing an additional 14,348 shares in the last quarter. Ritholtz Wealth Management bought a new position in McCormick & Company, Incorporated during the 4th quarter worth about $657,000. Global Retirement Partners LLC increased its holdings in McCormick & Company, Incorporated by 26.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,382 shares of the company’s stock worth $90,000 after purchasing an additional 289 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in McCormick & Company, Incorporated by 4.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 7,805 shares of the company’s stock worth $534,000 after purchasing an additional 362 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in McCormick & Company, Incorporated by 5.3% during the 4th quarter. Fifth Third Bancorp now owns 121,315 shares of the company’s stock worth $8,300,000 after purchasing an additional 6,075 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 2,732 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $75.91, for a total transaction of $207,386.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other McCormick & Company, Incorporated news, Director Lawrence Erik Kurzius sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $73.75, for a total transaction of $5,900,000.00. Following the completion of the sale, the director now directly owns 199,258 shares in the company, valued at $14,695,277.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Jenkins sold 2,732 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $75.91, for a total transaction of $207,386.12. The disclosure for this sale can be found here. Insiders sold 107,732 shares of company stock worth $7,982,386 over the last three months. Insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

MKC has been the subject of a number of recent research reports. Argus upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, April 2nd. Citigroup upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $68.00 to $69.00 in a research note on Wednesday, June 12th. Finally, TD Cowen reduced their price objective on shares of McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.25.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC traded up $0.14 during mid-day trading on Wednesday, hitting $77.01. The stock had a trading volume of 2,279,518 shares, compared to its average volume of 1,999,264. McCormick & Company, Incorporated has a twelve month low of $59.13 and a twelve month high of $89.99. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 3.92 and a beta of 0.75. The company’s 50 day simple moving average is $71.11 and its 200 day simple moving average is $70.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.31 and a current ratio of 0.69.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.10. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business posted $0.60 EPS. McCormick & Company, Incorporated’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.68 annualized dividend and a yield of 2.18%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.31%.

McCormick & Company, Incorporated 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.