McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in McCormick & Company, Incorporated (NYSE:MKC) by 25.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,988 shares of the company’s stock after acquiring an additional 12,937 shares during the period. Quantinno Capital Management LP’s holdings in McCormick & Company, Incorporated were worth $4,878,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Savvy Advisors Inc. acquired a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $466,000. Somerville Kurt F boosted its holdings in McCormick & Company, Incorporated by 34.2% during the fourth quarter. Somerville Kurt F now owns 96,074 shares of the company’s stock valued at $7,325,000 after acquiring an additional 24,467 shares during the period. DJE Kapital AG bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $4,228,000. SBI Securities Co. Ltd. bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at about $234,000. Finally, Asset Management One Co. Ltd. boosted its holdings in McCormick & Company, Incorporated by 16.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock valued at $10,547,000 after acquiring an additional 19,491 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Gregory Repas sold 2,750 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total value of $223,905.00. Following the completion of the transaction, the vice president now owns 2,266 shares of the company’s stock, valued at $184,497.72. The trade was a 54.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the completion of the transaction, the director now directly owns 247,437 shares of the company’s stock, valued at $20,242,820.97. This trade represents a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,392 shares of company stock valued at $4,898,101 in the last quarter. Company insiders own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MKC shares. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Hold” and an average target price of $83.14.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $75.50 on Friday. 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 firm has a market cap of $20.25 billion, a P/E ratio of 25.77, a P/E/G ratio of 3.76 and a beta of 0.74. The firm has a 50 day simple moving average of $77.24 and a 200 day simple moving average of $77.48. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.63 EPS. McCormick & Company, Incorporated’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.86%.

McCormick & Company, Incorporated 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.