McCormick & Company, Incorporated (NYSE:MKC) Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total transaction of $240,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

McCormick & Company, Incorporated (NYSE MKC) traded up $1.41 on Monday, reaching $96.92. 839,700 shares of the company were exchanged, compared to its average volume of 880,200. The firm has a market cap of $12,730.00, a P/E ratio of 24.41, a PEG ratio of 2.45 and a beta of 0.53. McCormick & Company, Incorporated has a 12-month low of $88.64 and a 12-month high of $106.50. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping 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 net margin of 10.05% and a return on equity of 26.09%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. analysts expect that McCormick & Company, Incorporated will post 4.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is presently 52.08%.

WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/11/13/maritza-gomez-montiel-sells-2500-shares-of-mccormick-company-incorporated-mkc-stock.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in McCormick & Company, by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after purchasing an additional 301,377 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in McCormick & Company, by 81.9% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock valued at $167,208,000 after acquiring an additional 733,375 shares in the last quarter. Goldman Sachs Group Inc. grew its position in McCormick & Company, by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after acquiring an additional 177,210 shares in the last quarter. Bank of New York Mellon Corp grew its position in McCormick & Company, by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,026,505 shares of the company’s stock valued at $105,360,000 after acquiring an additional 11,005 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in McCormick & Company, by 26.6% in the second quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock valued at $96,252,000 after acquiring an additional 207,600 shares in the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.

MKC has been the topic of a number of recent research reports. Jefferies Group LLC set a $115.00 target price on shares of McCormick & Company, and gave the company a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Monday, October 2nd. Credit Suisse Group reiterated a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of McCormick & Company, in a report on Friday, September 29th. Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price objective (up from $95.00) on shares of McCormick & Company, in a report on Monday, October 2nd. Finally, Citigroup Inc. increased their price objective on shares of McCormick & Company, from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. McCormick & Company, presently has a consensus rating of “Buy” and an average price target of $106.00.

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.

Receive News & Stock Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related stocks with our FREE daily email newsletter.