Aperio Group LLC boosted its stake in McCormick & Company (NYSE:MKC) by 0.5% in the first quarter, HoldingsChannel.com reports. The firm owned 172,080 shares of the company’s stock after buying an additional 805 shares during the period. Aperio Group LLC’s holdings in McCormick & Company were worth $18,308,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in McCormick & Company in the fourth quarter worth $108,000. Pratt Collard Advisory Partners LLC acquired a new stake in McCormick & Company in the fourth quarter worth $204,000. Advisory Services Network LLC grew its holdings in McCormick & Company by 307.7% in the fourth quarter. Advisory Services Network LLC now owns 2,006 shares of the company’s stock worth $204,000 after purchasing an additional 1,514 shares during the period. Financial Gravity Companies Inc. acquired a new stake in McCormick & Company in the fourth quarter worth $224,000. Finally, Centiva Capital LP acquired a new stake in McCormick & Company in the fourth quarter worth $232,000. Institutional investors and hedge funds own 79.22% of the company’s stock.
A number of research firms have commented on MKC. UBS raised their price target on shares of McCormick & Company from $100.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Credit Suisse Group raised their price target on shares of McCormick & Company from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. Jefferies Group restated a “buy” rating and issued a $120.00 price target on shares of McCormick & Company in a report on Thursday, January 25th. Zacks Investment Research cut shares of McCormick & Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Deutsche Bank cut shares of McCormick & Company from a “hold” rating to a “sell” rating and reduced their price target for the stock from $103.00 to $98.00 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. McCormick & Company has a consensus rating of “Hold” and a consensus price target of $111.89.
Shares of NYSE MKC opened at $105.15 on Friday. The stock has a market cap of $13.89 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.57. McCormick & Company has a 1 year low of $105.46 and a 1 year high of $106.40. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.
McCormick & Company (NYSE:MKC) last issued its quarterly earnings data on Tuesday, March 27th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. McCormick & Company had a net margin of 16.04% and a return on equity of 23.39%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. research analysts anticipate that McCormick & Company will post 4.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 23rd. Stockholders of record on Monday, April 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, April 6th. McCormick & Company’s dividend payout ratio is currently 48.83%.
McCormick & Company Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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