Clean Yield Group Acquires 1,925 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Clean Yield Group increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,457 shares of the company’s stock after buying an additional 1,925 shares during the quarter. McCormick & Company, Incorporated comprises approximately 2.1% of Clean Yield Group’s investment portfolio, making the stock its 9th largest holding. Clean Yield Group’s holdings in McCormick & Company, Incorporated were worth $6,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new position in McCormick & Company, Incorporated in the 1st quarter worth approximately $206,000. Signal Advisors Wealth LLC boosted its position in McCormick & Company, Incorporated by 3.5% in the 1st quarter. Signal Advisors Wealth LLC now owns 4,802 shares of the company’s stock worth $395,000 after purchasing an additional 163 shares in the last quarter. Vest Financial LLC boosted its position in McCormick & Company, Incorporated by 1.6% in the 1st quarter. Vest Financial LLC now owns 732,089 shares of the company’s stock worth $60,258,000 after purchasing an additional 11,511 shares in the last quarter. Chatham Capital Group Inc. purchased a new stake in McCormick & Company, Incorporated in the 1st quarter worth approximately $200,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in McCormick & Company, Incorporated by 34.7% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,109 shares of the company’s stock worth $1,655,000 after purchasing an additional 5,182 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 1.8%

Shares of NYSE:MKC opened at $74.22 on Friday. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 3.76 and a beta of 0.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The business’s 50 day moving average price is $74.70 and its 200-day moving average price is $77.07.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $0.63 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.86%.

Analysts Set New Price Targets

Separately, Argus lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $83.14.

Insider Activity

In other news, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now owns 247,437 shares in the company, valued at $20,242,820.97. This trade represents a 16.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $76.38, for a total value of $583,695.96. The disclosure for this sale can be found here. Insiders have sold 60,392 shares of company stock worth $4,898,101 in the last quarter. Corporate insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.