First Trust Advisors LP Has $6.22 Million Holdings in McCormick & Company, Incorporated (MKC)

First Trust Advisors LP grew its stake in McCormick & Company, Incorporated (NYSE:MKC) by 21.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,570 shares of the company’s stock after acquiring an additional 10,739 shares during the period. First Trust Advisors LP owned about 0.05% of McCormick & Company, worth $6,217,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in shares of McCormick & Company, by 24.3% in the 2nd quarter. Toronto Dominion Bank now owns 39,362 shares of the company’s stock valued at $3,838,000 after acquiring an additional 7,684 shares during the period. Swiss National Bank raised its stake in shares of McCormick & Company, by 1.2% in the 2nd quarter. Swiss National Bank now owns 913,348 shares of the company’s stock valued at $89,061,000 after acquiring an additional 10,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of McCormick & Company, by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock valued at $2,949,000 after acquiring an additional 4,044 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of McCormick & Company, by 8.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,374 shares of the company’s stock valued at $3,449,000 after acquiring an additional 2,843 shares during the period. Finally, Mcdaniel Terry & Co. raised its stake in shares of McCormick & Company, by 38.6% in the 2nd quarter. Mcdaniel Terry & Co. now owns 106,573 shares of the company’s stock valued at $10,392,000 after acquiring an additional 29,656 shares during the period. 69.38% of the stock is currently owned by institutional investors and hedge funds.

In other McCormick & Company, news, Director Freeman A. Hrabowski III sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $98.68, for a total transaction of $296,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the transaction, the vice president now owns 19,248 shares of the company’s stock, valued at approximately $1,974,844.80. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock valued at $1,598,490 in the last 90 days. Company insiders own 15.30% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Jefferies Group LLC set a $120.00 price target on shares of McCormick & Company, and gave the company a “buy” rating in a research note on Monday, October 30th. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Monday, October 2nd. Citigroup Inc. boosted their price target on shares of McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, Credit Suisse Group reissued a “buy” rating and issued a $115.00 price target (up from $112.00) on shares of McCormick & Company, in a research note on Friday, September 29th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $106.00.

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McCormick & Company, Incorporated (NYSE:MKC) opened at $98.58 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. The firm has a market cap of $12,701.47, a P/E ratio of 24.42, a P/E/G ratio of 2.45 and a beta of 0.53. McCormick & Company, Incorporated has a twelve month low of $88.64 and a twelve month high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings data on Thursday, September 28th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. McCormick & Company, had a net margin of 10.05% and a return on equity of 26.09%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. research analysts expect that McCormick & Company, Incorporated will post 4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is currently 51.93%.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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