Nichols & Pratt Advisers LLP MA Buys 323 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Nichols & Pratt Advisers LLP MA lifted its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,435 shares of the company’s stock after acquiring an additional 323 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in McCormick & Company, Incorporated were worth $3,382,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth about $36,000. Milestone Investment Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth about $47,000. Valley National Advisers Inc. lifted its stake in shares of 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 last quarter. Private Trust Co. NA lifted its stake in shares of 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 buying an additional 290 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in McCormick & Company, Incorporated by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,093 shares of the company’s stock worth $75,000 after acquiring an additional 461 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded up $0.61 during midday trading on Friday, hitting $75.95. 220,503 shares of the company traded hands, compared to its average volume of 1,992,932. The firm’s fifty day moving average price is $72.89 and its 200-day moving average price is $68.69. 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 has a 12 month low of $59.13 and a 12 month high of $94.39. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 3.87 and a beta of 0.73.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Tuesday, March 26th. The company reported $0.63 EPS for the quarter, topping 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

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

Insider Buying and Selling

In other news, insider Katherine Jenkins sold 1,726 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.35, for a total value of $128,328.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Katherine Jenkins sold 1,726 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $74.35, for a total value of $128,328.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the completion of the transaction, the director now owns 39,181 shares in the company, valued at approximately $2,554,601.20. The disclosure for this sale can be found here. Insiders have sold a total of 33,726 shares of company stock worth $2,504,728 in the last ninety days. Company insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, March 27th. Barclays raised their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Citigroup raised their target price on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the company a “sell” rating in a report on Wednesday, March 27th. Finally, Consumer Edge lowered shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.88.

McCormick & Company, Incorporated Company 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.