MCCORMICK & CO /SH NV (MKC) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lowered its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 15.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,442 shares of the company’s stock after selling 800 shares during the period. Douglass Winthrop Advisors LLC’s holdings in MCCORMICK & CO /SH were worth $585,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Putnam Investments LLC boosted its position in shares of MCCORMICK & CO /SH by 23.6% during the 2nd quarter. Putnam Investments LLC now owns 2,567,422 shares of the company’s stock worth $298,052,000 after purchasing an additional 489,488 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MCCORMICK & CO /SH by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,087,752 shares of the company’s stock worth $126,277,000 after purchasing an additional 18,392 shares during the period. FMR LLC lifted its holdings in MCCORMICK & CO /SH by 89.1% during the 2nd quarter. FMR LLC now owns 916,815 shares of the company’s stock worth $106,433,000 after buying an additional 431,896 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in MCCORMICK & CO /SH by 180.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 562,773 shares of the company’s stock worth $65,333,000 after buying an additional 361,921 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in MCCORMICK & CO /SH by 14.2% during the 2nd quarter. Jennison Associates LLC now owns 525,567 shares of the company’s stock worth $61,013,000 after buying an additional 65,165 shares in the last quarter. 82.62% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Alan D. Wilson sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $125.30, for a total value of $12,530,000.00. Following the sale, the director now directly owns 212,894 shares in the company, valued at approximately $26,675,618.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.20% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Credit Suisse Group set a $137.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “buy” rating in a report on Friday, September 28th. Vertical Group lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Friday, June 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their target price on shares of MCCORMICK & CO /SH from $117.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $124.44.

MCCORMICK & CO /SH stock opened at $132.82 on Friday. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 2.94 and a beta of 0.57. MCCORMICK & CO /SH NV has a 52-week low of $93.70 and a 52-week high of $137.33. The company has a current ratio of 0.79, a quick ratio of 0.36 and a debt-to-equity ratio of 1.37.

MCCORMICK & CO /SH (NYSE:MKC) last released its earnings results on Thursday, September 27th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. MCCORMICK & CO /SH had a net margin of 16.57% and a return on equity of 21.83%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. Equities analysts expect that MCCORMICK & CO /SH NV will post 4.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, October 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.57%. MCCORMICK & CO /SH’s payout ratio is 48.83%.

MCCORMICK & CO /SH 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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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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