Gotham Asset Management LLC lowered its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 56.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,393 shares of the company’s stock after selling 166,820 shares during the quarter. Gotham Asset Management LLC owned 0.11% of McCormick & Company, worth $12,520,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Swiss National Bank raised its position in McCormick & Company, by 1.2% in the second quarter. Swiss National Bank now owns 913,348 shares of the company’s stock valued at $89,061,000 after purchasing an additional 10,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in McCormick & Company, by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock valued at $2,949,000 after purchasing an additional 4,044 shares during the period. US Bancorp DE raised its position in McCormick & Company, by 1.1% in the second quarter. US Bancorp DE now owns 67,180 shares of the company’s stock valued at $6,550,000 after purchasing an additional 723 shares during the period. Horizon Investments LLC purchased a new stake in McCormick & Company, in the second quarter valued at $524,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in McCormick & Company, in the first quarter valued at $572,000. Institutional investors own 72.74% of the company’s stock.

MKC has been the topic of a number of research analyst reports. Credit Suisse Group lifted their target price on McCormick & Company, from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Monday, September 18th. Zacks Investment Research downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and issued a $110.00 target price on shares of McCormick & Company, in a research report on Thursday, August 31st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on McCormick & Company, in a research report on Friday, June 16th. They issued a “neutral” rating and a $101.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $105.50.

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In related news, VP Michael R. Smith sold 5,500 shares of McCormick & Company, stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the transaction, the vice president now owns 19,248 shares in the company, valued at $1,974,844.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.30% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated (MKC) traded up 0.34% during midday trading on Friday, hitting $98.18. The company had a trading volume of 1,559,648 shares. The stock has a 50 day moving average of $97.45 and a 200 day moving average of $98.87. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 26.08 and a beta of 0.53. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50.

McCormick & Company, (NYSE:MKC) last issued its earnings results on Thursday, September 28th. The company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that McCormick & Company, Incorporated will post $4.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, October 6th. McCormick & Company,’s payout ratio is currently 51.93%.

McCormick & 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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