McCormick & Company, Incorporated (NYSE:MKC) was the target of some unusual options trading on Thursday. Stock investors acquired 554 put options on the company. This is an increase of 619% compared to the typical volume of 77 put options.

McCormick & Company, Incorporated (MKC) opened at $101.16 on Friday. The company has a market capitalization of $13,250.00, a price-to-earnings ratio of 25.73, a PEG ratio of 2.32 and a beta of 0.53. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. McCormick & Company, Incorporated has a 1 year low of $89.65 and a 1 year high of $106.50.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, September 28th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, Incorporated had a return on equity of 20.09% and a net margin of 8.44%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. research analysts anticipate 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. Investors of record on Friday, December 29th will be given a dividend of $0.52 per share. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 28th. McCormick & Company, Incorporated’s dividend payout ratio is currently 52.08%.

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the completion of the sale, the director now directly owns 18,825 shares of the company’s stock, valued at approximately $1,873,087.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael R. Smith sold 5,500 shares of McCormick & Company, Incorporated stock in a transaction on Friday, September 29th. The shares were sold at an average price of $102.60, for a total value of $564,300.00. Following the sale, 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 ninety days, insiders have sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its stake in McCormick & Company, Incorporated by 81.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock valued at $167,208,000 after purchasing an additional 733,375 shares during the last quarter. Darrell & King LLC purchased a new stake in McCormick & Company, Incorporated during the 3rd quarter valued at about $34,615,000. Koch Industries Inc. purchased a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at about $306,000. Vanguard Group Inc. grew its stake in McCormick & Company, Incorporated by 2.5% during 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 last quarter. Finally, Janus Henderson Group PLC grew its stake in McCormick & Company, Incorporated by 153.3% during 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 last quarter. 76.25% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on MKC. Zacks Investment Research lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group set a $115.00 price target on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Saturday, October 7th. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Citigroup boosted their price target on McCormick & Company, Incorporated 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 reissued a “buy” rating and issued a $115.00 price target (up from $112.00) on shares of McCormick & Company, Incorporated in a research report on Friday, September 29th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $106.67.

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McCormick & Company, Incorporated 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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