Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $1.21 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,707 shares of the company’s stock after selling 436 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in McCormick & Company, Incorporated were worth $1,211,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,737,310 shares of the company’s stock valued at $2,419,653,000 after buying an additional 303,973 shares in the last quarter. Geode Capital Management LLC increased its position in McCormick & Company, Incorporated by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,024,666 shares of the company’s stock worth $458,114,000 after purchasing an additional 137,679 shares in the last quarter. Northern Trust Corp increased its position in McCormick & Company, Incorporated by 16.8% during the 4th quarter. Northern Trust Corp now owns 3,693,239 shares of the company’s stock worth $281,573,000 after purchasing an additional 531,060 shares in the last quarter. Voya Investment Management LLC increased its position in McCormick & Company, Incorporated by 10.2% during the 4th quarter. Voya Investment Management LLC now owns 3,530,972 shares of the company’s stock worth $269,060,000 after purchasing an additional 326,041 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in McCormick & Company, Incorporated by 6.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,215,030 shares of the company’s stock worth $245,114,000 after purchasing an additional 190,856 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Argus cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Wall Street Zen raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. UBS Group began coverage on shares of McCormick & Company, Incorporated in a report on Monday, June 16th. They issued a “neutral” rating and a $83.00 target price on the stock. Finally, Citigroup dropped their target price on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.13.

McCormick & Company, Incorporated Stock Performance

NYSE MKC traded up $0.34 during trading hours on Friday, hitting $72.06. 126,534 shares of the company’s stock traded hands, compared to its average volume of 2,052,159. The business’s fifty day moving average price is $73.79 and its two-hundred day moving average price is $76.18. The company has a current ratio of 0.68, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $19.34 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.43 and a beta of 0.68. McCormick & Company, Incorporated has a 52 week low of $69.98 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, July 7th. McCormick & Company, Incorporated’s payout ratio is currently 62.50%.

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.