Machina Capital S.A.S. Makes New $717,000 Investment in McCormick & Company, Incorporated (NYSE:MKC)

Machina Capital S.A.S. purchased a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,480 shares of the company’s stock, valued at approximately $717,000.

A number of other large investors also recently modified their holdings of MKC. Anchor Investment Management LLC bought a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $36,000. Milestone Investment Advisors LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter valued at approximately $47,000. Valley National Advisers Inc. boosted its position in McCormick & Company, Incorporated by 283.9% during the 4th quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock worth $53,000 after buying an additional 582 shares during the period. Private Trust Co. NA grew its holdings in McCormick & Company, Incorporated by 59.1% during the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock worth $53,000 after acquiring an additional 290 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in McCormick & Company, Incorporated by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,093 shares of the company’s stock valued at $75,000 after acquiring an additional 461 shares during the period. 79.74% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $77.00, for a total value of $539,000.00. Following the sale, the director now owns 5,594 shares in the company, valued at approximately $430,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Maritza Gomez Montiel sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $77.00, for a total value of $539,000.00. Following the sale, the director now owns 5,594 shares in the company, valued at approximately $430,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Jenkins sold 1,726 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,726 shares of company stock worth $2,504,728. Company insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.6 %

Shares of NYSE MKC traded up $0.42 during trading on Tuesday, hitting $76.18. 1,484,290 shares of the company traded hands, compared to its average volume of 2,030,536. The business’s fifty day moving average is $72.56 and its 200 day moving average is $68.53. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 3.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that McCormick & Company, Incorporated will post 2.85 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, April 5th. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. McCormick & Company, Incorporated’s dividend payout ratio is currently 64.12%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays raised their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Stifel Nicolaus upped their price target on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, March 27th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their target price on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Finally, Citigroup raised their price target on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $77.88.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.