Apeiron RIA LLC Purchases 178 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Apeiron RIA LLC grew its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,803 shares of the company’s stock after acquiring an additional 178 shares during the period. Apeiron RIA LLC’s holdings in McCormick & Company, Incorporated were worth $366,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in McCormick & Company, Incorporated by 98.0% in the 2nd quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock worth $3,302,000 after buying an additional 23,033 shares during the period. Pacer Advisors Inc. raised its holdings in shares of McCormick & Company, Incorporated by 45.5% during the second quarter. Pacer Advisors Inc. now owns 24,723 shares of the company’s stock valued at $1,754,000 after acquiring an additional 7,730 shares in the last quarter. Sei Investments Co. lifted its stake in McCormick & Company, Incorporated by 2.6% in the second quarter. Sei Investments Co. now owns 159,586 shares of the company’s stock worth $11,321,000 after acquiring an additional 3,992 shares during the period. Thrivent Financial for Lutherans boosted its holdings in McCormick & Company, Incorporated by 11.2% in the second quarter. Thrivent Financial for Lutherans now owns 13,353 shares of the company’s stock valued at $947,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in McCormick & Company, Incorporated by 71.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,719 shares of the company’s stock valued at $689,000 after purchasing an additional 4,058 shares during the period. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MKC shares. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a report on Wednesday, January 15th. Bank of America upped their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, Stifel Nicolaus upped their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.63.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $74.70 on Friday. McCormick & Company, Incorporated has a twelve month low of $64.33 and a twelve month high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $20.05 billion, a P/E ratio of 25.41, a PEG ratio of 3.28 and a beta of 0.75. The stock’s 50 day moving average is $76.65 and its 200 day moving average is $77.98.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. On average, equities research analysts predict that McCormick & Company, Incorporated will post 2.92 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a dividend of $0.45 per share. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 61.22%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.34, for a total transaction of $386,700.00. Following the sale, the director now directly owns 28,217 shares in the company, valued at approximately $2,182,302.78. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $1,565,850. Insiders own 22.90% of the company’s stock.

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.