McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 4.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 33,687 shares of the company’s stock after buying an additional 1,430 shares during the period. Toth Financial Advisory Corp’s holdings in McCormick & Company, Incorporated were worth $2,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savvy Advisors Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $466,000. Somerville Kurt F lifted its holdings in shares of McCormick & Company, Incorporated by 34.2% during the 4th 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 in the last quarter. DJE Kapital AG purchased a new stake in McCormick & Company, Incorporated during the 4th quarter worth $4,228,000. SBI Securities Co. Ltd. purchased a new stake in McCormick & Company, Incorporated during the 4th quarter worth $234,000. Finally, Asset Management One Co. Ltd. increased its holdings in McCormick & Company, Incorporated by 16.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock valued at $10,547,000 after purchasing an additional 19,491 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

McCormick & Company, Incorporated Trading Up 1.8%

NYSE MKC opened at $74.22 on Monday. The stock has a market cap of $19.90 billion, a P/E ratio of 25.33, a PEG ratio of 3.76 and a beta of 0.68. The company’s fifty day simple moving average is $74.70 and its 200-day simple moving average is $77.06. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.63 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated’s payout ratio is 61.86%.

Insider Transactions at McCormick & Company, Incorporated

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

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.