Saturna Capital CORP grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 354,655 shares of the company’s stock after buying an additional 1,735 shares during the period. Saturna Capital CORP owned 0.27% of McCormick & Company, Incorporated worth $36,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC grew its stake in shares of McCormick & Company, Incorporated by 136.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after purchasing an additional 866 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $173,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $174,000. BlueMountain Capital Management LLC grew its stake in shares of McCormick & Company, Incorporated by 1,600.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after purchasing an additional 1,616 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of McCormick & Company, Incorporated by 28.4% during the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after purchasing an additional 395 shares during the period. 76.25% of the stock is owned by institutional investors.

In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $102.60, for a total value of $564,300.00. Following the completion of the transaction, the vice president now directly owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,000 shares of company stock valued at $1,598,490. Insiders own 15.30% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) traded down $1.52 during trading hours on Wednesday, reaching $102.96. The company’s stock had a trading volume of 1,012,400 shares, compared to its average volume of 890,823. McCormick & Company, Incorporated has a 1 year low of $89.26 and a 1 year high of $106.50. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $13,686.57, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.02%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 28th. McCormick & Company, Incorporated’s payout ratio is presently 51.93%.

A number of equities research analysts recently commented on MKC shares. Jefferies Group set a $115.00 price objective on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Saturday, October 7th. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Monday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of McCormick & Company, Incorporated in a research note on Friday, September 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price objective (up from $95.00) on shares of McCormick & Company, Incorporated in a research note on Monday, October 2nd. Finally, Citigroup lifted their price objective on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. McCormick & Company, Incorporated has an average rating of “Hold” and a consensus price target of $106.00.

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About McCormick & Company, Incorporated

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, Incorporated (NYSE:MKC)

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