Kathmere Capital Management LLC Grows Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Kathmere Capital Management LLC boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,313 shares of the company’s stock after buying an additional 596 shares during the quarter. Kathmere Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MKC. American Century Companies Inc. boosted its stake in shares of McCormick & Company, Incorporated by 98.0% during the 2nd quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock worth $3,302,000 after purchasing an additional 23,033 shares during the period. Moors & Cabot Inc. bought a new stake in McCormick & Company, Incorporated in the second quarter worth about $238,000. Axxcess Wealth Management LLC boosted its position in shares of McCormick & Company, Incorporated by 30.6% during the second quarter. Axxcess Wealth Management LLC now owns 19,954 shares of the company’s stock valued at $1,416,000 after buying an additional 4,677 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of McCormick & Company, Incorporated by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 21,338 shares of the company’s stock valued at $1,514,000 after buying an additional 1,350 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 13.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,863 shares of the company’s stock worth $1,480,000 after buying an additional 2,469 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the completion of the sale, the director now directly owns 40,436 shares in the company, valued at $3,174,226. This represents a 11.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $73.65 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The company has a 50 day moving average price of $76.96 and a 200-day moving average price of $77.86. McCormick & Company, Incorporated has a fifty-two week low of $63.88 and a fifty-two week high of $85.49. The stock has a market capitalization of $19.76 billion, a PE ratio of 25.05, a PEG ratio of 3.07 and a beta of 0.75.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.44%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.22%.

Analyst Ratings Changes

MKC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a report on Wednesday. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. Bank of America lifted their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.63.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.