Macquarie Group Ltd. raised its position in McCormick & Company, Incorporated (NYSE:MKC) by 204.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,955 shares of the company’s stock after buying an additional 4,000 shares during the period. Macquarie Group Ltd.’s holdings in McCormick & Company, Incorporated were worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter worth about $173,000. YorkBridge Wealth Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter worth about $174,000. BlueMountain Capital Management LLC increased 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 in the last quarter. IFP Advisors Inc increased 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 in the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter worth about $200,000. 76.25% of the stock is owned by institutional investors.

McCormick & Company, Incorporated (NYSE:MKC) traded down $0.11 on Thursday, reaching $100.96. 683,800 shares of the company were exchanged, compared to its average volume of 892,167. The firm has a market capitalization of $13,239.87, a price-to-earnings ratio of 25.46, a PEG ratio of 2.30 and a beta of 0.53. McCormick & Company, Incorporated has a 52-week low of $89.65 and a 52-week high of $106.50. The company has a quick ratio of 0.47, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.

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

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.06%. McCormick & Company, Incorporated’s payout ratio is presently 51.93%.

A number of analysts have recently commented on MKC shares. Jefferies Group reissued a “buy” rating and set a $110.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, August 31st. BidaskClub raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Credit Suisse Group boosted their target price on shares of McCormick & Company, Incorporated from $108.00 to $112.00 and gave the stock an “outperform” rating in a research note on Monday, September 18th. Finally, Citigroup boosted their target price on shares of 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 four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $106.67.

In other McCormick & Company, Incorporated news, 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 transaction, the vice president now directly owns 19,248 shares in the company, valued at approximately $1,974,844.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 2,500 shares of the business’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 disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock worth $1,598,490 over the last 90 days. 15.30% of the stock is currently owned by company insiders.

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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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