Banque Pictet & Cie SA decreased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 25.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the company’s stock after selling 1,000 shares during the quarter. Banque Pictet & Cie SA’s holdings in McCormick & Company, were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MKC. Harbour Capital Advisors LLC boosted its position in shares of McCormick & Company, by 22,166.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock valued at $7,410,000 after purchasing an additional 719,304 shares during the period. Koch Industries Inc. acquired a new position in shares of McCormick & Company, in the 2nd quarter valued at $306,000. Vanguard Group Inc. boosted its position in shares of McCormick & Company, by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock valued at $1,195,875,000 after purchasing an additional 301,377 shares during the period. Janus Henderson Group PLC boosted its position in shares of McCormick & Company, by 153.3% in the 2nd quarter. Janus Henderson Group PLC now owns 478,259 shares of the company’s stock valued at $46,638,000 after purchasing an additional 289,474 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of McCormick & Company, by 106.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 422,425 shares of the company’s stock valued at $41,191,000 after purchasing an additional 217,929 shares during the period. Institutional investors and hedge funds own 71.19% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded down $0.22 during trading on Monday, hitting $99.33. The stock had a trading volume of 2,322,400 shares, compared to its average volume of 889,613. The firm has a market cap of $13,010.00, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. McCormick & Company, Incorporated has a fifty-two week low of $88.64 and a fifty-two week high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. equities research analysts predict that McCormick & Company, Incorporated will post 4.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.47 per share. The ex-dividend date was Friday, October 6th. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. McCormick & Company,’s dividend payout ratio is 52.08%.

In related news, Director Maritza Gomez Montiel sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $98.68, for a total value of $296,040.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is owned by corporate insiders.

A number of brokerages have commented on MKC. Zacks Investment Research lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and set a $103.00 price objective (up from $95.00) on shares of McCormick & Company, in a research report on Monday, October 2nd. Citigroup Inc. raised their price objective on McCormick & Company, from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Finally, Credit Suisse Group restated a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of McCormick & Company, in a research report on Friday, September 29th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $106.00.

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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.

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

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