Capital Research Global Investors grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,000 shares of the company’s stock after acquiring an additional 4,096 shares during the quarter. Capital Research Global Investors owned 0.19% of McCormick & Company, worth $20,965,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Cleararc Capital Inc. lifted its position in McCormick & Company, by 0.3% during the first quarter. Cleararc Capital Inc. now owns 2,797 shares of the company’s stock worth $273,000 after purchasing an additional 9 shares during the period. HM Capital Management LLC lifted its position in McCormick & Company, by 0.5% during the second quarter. HM Capital Management LLC now owns 3,686 shares of the company’s stock worth $359,000 after purchasing an additional 17 shares during the period. Mission Wealth Management LLC lifted its position in McCormick & Company, by 0.9% during the first quarter. Mission Wealth Management LLC now owns 2,340 shares of the company’s stock worth $228,000 after purchasing an additional 22 shares during the period. Ironwood Investment Management LLC lifted its position in McCormick & Company, by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 3,628 shares of the company’s stock worth $354,000 after purchasing an additional 25 shares during the period. Finally, OLD National Bancorp IN lifted its position in McCormick & Company, by 0.9% during the second quarter. OLD National Bancorp IN now owns 4,377 shares of the company’s stock worth $427,000 after purchasing an additional 37 shares during the period. 72.74% of the stock is owned by institutional investors.

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In other news, VP Michael R. Smith sold 5,500 shares of McCormick & Company, stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the sale, the vice president now owns 19,248 shares in the company, valued at approximately $1,974,844.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.30% of the company’s stock.

McCormick & Company, Incorporated (MKC) opened at 98.18 on Monday. The firm has a market cap of $12.23 billion, a P/E ratio of 26.08 and a beta of 0.53. The firm’s 50-day moving average price is $97.45 and its 200 day moving average price is $98.87. 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 quarterly earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post $4.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.91%. McCormick & Company,’s dividend payout ratio (DPR) is presently 51.93%.

Several equities research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research report on Thursday, July 27th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price objective (up previously from $95.00) on shares of McCormick & Company, in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. McCormick & Company, has an average rating of “Buy” and an average price target of $105.50.

McCormick & Company, 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.

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Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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