Sound View Wealth Advisors Group LLC Has $237,000 Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Sound View Wealth Advisors Group LLC lifted its position in shares of McCormick & Company, Incorporated (NYSE:MKCFree Report) by 18.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,461 shares of the company’s stock after purchasing an additional 534 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in McCormick & Company, Incorporated were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $36,000. Milestone Investment Advisors LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter valued at $47,000. VisionPoint Advisory Group LLC bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at $44,000. Private Trust Co. NA raised its position in McCormick & Company, Incorporated by 59.1% in the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 290 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in McCormick & Company, Incorporated by 283.9% in the 4th quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock valued at $53,000 after purchasing an additional 582 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $77.00, for a total transaction of $539,000.00. Following the transaction, the director now owns 5,594 shares in the company, valued at approximately $430,738. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total value of $128,328.10. The disclosure for this sale can be found here. Insiders have sold a total of 31,458 shares of company stock worth $2,386,114 in the last 90 days. Company insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $74.01 on Friday. The company’s 50-day moving average is $73.80 and its 200-day moving average is $69.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.30. The firm has a market capitalization of $19.87 billion, a PE ratio of 28.25, a PEG ratio of 3.82 and a beta of 0.73. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted its earnings results on Tuesday, March 26th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. Equities analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $1.68 dividend on an annualized basis and a yield of 2.27%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 64.12%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays lifted their price objective on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. 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. Stifel Nicolaus lifted their price objective 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. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. Finally, Consumer Edge cut McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.88.

Check Out Our Latest Analysis on MKC

McCormick & Company, Incorporated Profile

(Free Report)

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.

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

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