Wendell David Associates Inc. lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,589 shares of the company’s stock after selling 1,026 shares during the quarter. McCormick & Company, Incorporated makes up approximately 2.2% of Wendell David Associates Inc.’s portfolio, making the stock its 11th biggest position. Wendell David Associates Inc.’s holdings in McCormick & Company, Incorporated were worth $12,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MKC. Zions Bancorporation boosted its stake in McCormick & Company, Incorporated by 5,071.4% in the third quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock worth $111,000 after buying an additional 1,065 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in McCormick & Company, Incorporated by 136.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after buying an additional 866 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in McCormick & Company, Incorporated by 1,600.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after buying an additional 1,616 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in McCormick & Company, Incorporated in the third quarter worth approximately $173,000. Finally, YorkBridge Wealth Partners LLC purchased a new stake in McCormick & Company, Incorporated in the third quarter worth approximately $174,000. 76.19% of the stock is owned by institutional investors and hedge funds.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded up $0.01 during mid-day trading on Tuesday, reaching $101.01. The company’s stock had a trading volume of 572,700 shares, compared to its average volume of 727,900. 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 has a 12-month low of $90.25 and a 12-month high of $106.50. The company has a market capitalization of $13,232.01, a P/E ratio of 27.90, a P/E/G ratio of 2.28 and a beta of 0.53.

The business 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. The ex-dividend date is Thursday, December 28th. This represents a $2.08 annualized dividend and a yield of 2.06%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s payout ratio is presently 57.46%.

Several analysts have issued reports on the company. Jefferies Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Saturday, October 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a research note on Monday, October 2nd. Credit Suisse Group set a $115.00 price objective on McCormick & Company, Incorporated and gave the company a “buy” rating in a research report on Tuesday, December 12th. Citigroup boosted their price objective on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $106.67.

In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 18,825 shares in the company, valued at $1,873,087.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. Insiders own 15.30% of the company’s stock.

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

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