Jacobs & Co. CA Purchases 16,098 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Jacobs & Co. CA grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,949 shares of the company’s stock after acquiring an additional 16,098 shares during the period. Jacobs & Co. CA’s holdings in McCormick & Company, Incorporated were worth $9,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of McCormick & Company, Incorporated by 1.6% in the first quarter. Vanguard Group Inc. now owns 28,955,774 shares of the company’s stock valued at $2,889,787,000 after buying an additional 462,997 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in McCormick & Company, Incorporated by 92,736.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,770,708 shares of the company’s stock valued at $478,334,000 after acquiring an additional 5,764,492 shares during the last quarter. Geode Capital Management LLC increased its stake in McCormick & Company, Incorporated by 1.9% in the first quarter. Geode Capital Management LLC now owns 5,404,603 shares of the company’s stock valued at $448,737,000 after acquiring an additional 101,633 shares during the last quarter. Northern Trust Corp increased its stake in McCormick & Company, Incorporated by 2.8% in the third quarter. Northern Trust Corp now owns 3,438,766 shares of the company’s stock valued at $260,108,000 after acquiring an additional 93,034 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in McCormick & Company, Incorporated by 6.3% in the second quarter. Goldman Sachs Group Inc. now owns 2,563,547 shares of the company’s stock valued at $223,618,000 after acquiring an additional 152,184 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $65.20, for a total value of $326,000.00. Following the sale, the director now owns 39,181 shares of the company’s stock, valued at approximately $2,554,601.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.90% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Down 1.7 %

MKC opened at $76.02 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.68 and a debt-to-equity ratio of 0.63. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 4.20 and a beta of 0.73. McCormick & Company, Incorporated has a twelve month low of $59.13 and a twelve month high of $94.39. The company’s 50-day moving average price is $67.73 and its two-hundred day moving average price is $67.74.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that McCormick & Company, Incorporated will post 2.82 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. McCormick & Company, Incorporated’s dividend payout ratio is currently 64.12%.

Wall Street Analyst Weigh In

MKC has been the topic of a number of research reports. Citigroup boosted their target price on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, January 26th. Consumer Edge cut shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Barclays cut their price target on shares of McCormick & Company, Incorporated from $74.00 to $71.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $75.63.

About McCormick & Company, Incorporated

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.