Coldstream Capital Management Inc. bought a new position in McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,804 shares of the company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds also recently modified their holdings of MKC. Russell Investments Group Ltd. raised its holdings in shares of McCormick & Company, Incorporated by 83.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 118,677 shares of the company’s stock worth $11,573,000 after buying an additional 54,140 shares in the last quarter. Sei Investments Co. increased its holdings in McCormick & Company, Incorporated by 9.7% during the 2nd quarter. Sei Investments Co. now owns 76,266 shares of the company’s stock valued at $7,437,000 after purchasing an additional 6,751 shares in the last quarter. IFP Advisors Inc increased its holdings in McCormick & Company, Incorporated by 28.4% during the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after purchasing an additional 395 shares in the last quarter. Trexquant Investment LP acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $429,000. Finally, Wetherby Asset Management Inc. increased its holdings in McCormick & Company, Incorporated by 15.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,309 shares of the company’s stock valued at $323,000 after purchasing an additional 448 shares in the last quarter. 76.25% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on MKC. Zacks Investment Research cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Jefferies Group set a $120.00 price target on McCormick & Company, Incorporated and gave the company a “buy” rating in a report on Monday, October 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price target (up from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Citigroup raised their price target on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $115.00 price target (up from $112.00) on shares of McCormick & Company, Incorporated in a report on Friday, September 29th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $106.67.

McCormick & Company, Incorporated (NYSE MKC) traded down $0.64 during mid-day trading on Tuesday, reaching $100.52. The company had a trading volume of 1,207,200 shares, compared to its average volume of 892,691. McCormick & Company, Incorporated has a 12-month low of $89.65 and a 12-month high of $106.50. The firm has a market cap of $13,160.00, a PE ratio of 25.48, a price-to-earnings-growth ratio of 2.30 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 (NYSE:MKC) last announced its quarterly earnings data on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, Incorporated had a return on equity of 26.09% and a net margin of 10.05%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. equities research analysts forecast that McCormick & Company, Incorporated will post 4.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.07%. This is a positive change 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 dividend payout ratio (DPR) is presently 52.08%.

In other McCormick & Company, Incorporated news, VP Michael R. Smith sold 5,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the transaction, the vice president now directly owns 19,248 shares in the company, valued at approximately $1,974,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the stock in a transaction 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. Insiders sold a total of 16,000 shares of company stock worth $1,598,490 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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