Great Diamond Partners LLC Has $244,000 Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Great Diamond Partners LLC lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 23.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,963 shares of the company’s stock after selling 927 shares during the period. Great Diamond Partners LLC’s holdings in McCormick & Company, Incorporated were worth $244,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MKC. Vanguard Group Inc. lifted its holdings in McCormick & Company, Incorporated by 2.9% in the first quarter. Vanguard Group Inc. now owns 31,119,141 shares of the company’s stock valued at $2,390,261,000 after buying an additional 883,327 shares during the period. Champlain Investment Partners LLC lifted its stake in shares of McCormick & Company, Incorporated by 4.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,211,122 shares of the company’s stock valued at $246,646,000 after purchasing an additional 136,080 shares during the period. ProShare Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 2.4% in the 1st quarter. ProShare Advisors LLC now owns 2,622,602 shares of the company’s stock valued at $201,442,000 after purchasing an additional 60,512 shares during the period. Nuance Investments LLC boosted its position in shares of McCormick & Company, Incorporated by 10.5% during the 2nd quarter. Nuance Investments LLC now owns 1,052,220 shares of the company’s stock valued at $74,644,000 after purchasing an additional 99,741 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in McCormick & Company, Incorporated by 97,525.5% during the second quarter. Point72 Asset Management L.P. now owns 976,255 shares of the company’s stock worth $69,256,000 after purchasing an additional 975,255 shares during the period. 79.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on MKC. Bank of America boosted their price target on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their price target on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.57.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $77.99 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $81.13 and a two-hundred day simple moving average of $76.00. McCormick & Company, Incorporated has a 12 month low of $63.28 and a 12 month high of $85.49. The firm has a market capitalization of $20.95 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 3.62 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, October 7th. 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.