MCCORMICK & CO /SH NV (MKC) Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. reduced its holdings in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 3.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 29,497 shares of the company’s stock after selling 1,020 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in MCCORMICK & CO /SH were worth $4,107,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in shares of MCCORMICK & CO /SH by 4.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,470 shares of the company’s stock valued at $622,000 after buying an additional 200 shares during the last quarter. Comerica Securities Inc. boosted its stake in shares of MCCORMICK & CO /SH by 1.8% during the 4th quarter. Comerica Securities Inc. now owns 6,204 shares of the company’s stock valued at $867,000 after buying an additional 108 shares during the last quarter. Redpoint Investment Management Pty Ltd boosted its stake in shares of MCCORMICK & CO /SH by 58.9% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 3,589 shares of the company’s stock valued at $500,000 after buying an additional 1,330 shares during the last quarter. Bailard Inc. purchased a new position in shares of MCCORMICK & CO /SH during the 4th quarter valued at approximately $308,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of MCCORMICK & CO /SH during the 4th quarter valued at approximately $112,000. Institutional investors own 80.74% of the company’s stock.

In related news, VP Christina M. Mcmullen sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $147.44, for a total transaction of $58,976.00. Following the sale, the vice president now directly owns 624 shares of the company’s stock, valued at approximately $92,002.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.20% of the company’s stock.

MKC stock opened at $127.24 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.74 billion, a P/E ratio of 25.60, a PEG ratio of 2.68 and a beta of 0.22. MCCORMICK & CO /SH NV has a 12-month low of $99.53 and a 12-month high of $156.00.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Sell-side analysts expect that MCCORMICK & CO /SH NV will post 5.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 14th. Investors of record on Monday, December 31st were given a dividend of $0.57 per share. This is a positive change from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, December 28th. MCCORMICK & CO /SH’s dividend payout ratio is currently 45.88%.

Several research firms have recently commented on MKC. Zacks Investment Research cut MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. Credit Suisse Group reiterated a “neutral” rating and set a $150.00 target price (up from $137.00) on shares of MCCORMICK & CO /SH in a research note on Friday, November 9th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price target on shares of MCCORMICK & CO /SH in a research report on Monday, January 28th. Consumer Edge raised MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 25th. Finally, Deutsche Bank raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $130.63.

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MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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