Woodstock Corp lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 11.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,640 shares of the company’s stock after selling 950 shares during the period. Woodstock Corp’s holdings in McCormick & Company, were worth $745,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Oklahoma raised its position in shares of McCormick & Company, by 0.8% in the second quarter. Trust Co. of Oklahoma now owns 17,264 shares of the company’s stock valued at $1,683,000 after buying an additional 140 shares during the period. Fenimore Asset Management Inc. boosted its stake in shares of McCormick & Company, by 2.0% in the second quarter. Fenimore Asset Management Inc. now owns 36,795 shares of the company’s stock valued at $3,588,000 after buying an additional 730 shares in the last quarter. National Pension Service boosted its stake in shares of McCormick & Company, by 9.6% in the second quarter. National Pension Service now owns 119,226 shares of the company’s stock valued at $11,369,000 after buying an additional 10,471 shares in the last quarter. Creative Planning boosted its stake in shares of McCormick & Company, by 2.2% in the second quarter. Creative Planning now owns 18,484 shares of the company’s stock valued at $1,802,000 after buying an additional 402 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC boosted its stake in shares of McCormick & Company, by 2.0% in the second quarter. Dynamic Advisors Solutions LLC now owns 17,102 shares of the company’s stock valued at $1,668,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE MKC) opened at 95.05 on Tuesday. McCormick & Company, Incorporated has a 12-month low of $88.64 and a 12-month high of $106.50. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 25.25 and a beta of 0.52. The firm has a 50 day moving average price of $97.65 and a 200-day moving average price of $99.00.

McCormick & Company, (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.76 by $0.06. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts expect that McCormick & Company, Incorporated will post $4.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. McCormick & Company,’s dividend payout ratio is presently 49.87%.

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Several equities research analysts recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of McCormick & Company, in a report on Friday, May 19th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group set a $108.00 price objective on McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Monday, June 19th. Finally, BidaskClub cut McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. McCormick & Company, currently has an average rating of “Hold” and a consensus price target of $104.00.

About McCormick & Company,

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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