McCormick & Company, Incorporated $MKC Position Increased by Ameriflex Group Inc.

Ameriflex Group Inc. grew its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 115.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 920 shares of the company’s stock after purchasing an additional 492 shares during the period. Ameriflex Group Inc.’s holdings in McCormick & Company, Incorporated were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MKC. EagleClaw Capital Managment LLC grew its holdings in shares of McCormick & Company, Incorporated by 0.4% in the 1st quarter. EagleClaw Capital Managment LLC now owns 36,670 shares of the company’s stock worth $3,018,000 after acquiring an additional 135 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in shares of McCormick & Company, Incorporated by 1.3% in the first quarter. Miracle Mile Advisors LLC now owns 11,078 shares of the company’s stock worth $912,000 after buying an additional 146 shares during the last quarter. Signal Advisors Wealth LLC lifted its position in shares of McCormick & Company, Incorporated by 3.5% in the first quarter. Signal Advisors Wealth LLC now owns 4,802 shares of the company’s stock worth $395,000 after buying an additional 163 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its position in shares of McCormick & Company, Incorporated by 5.0% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 3,506 shares of the company’s stock worth $289,000 after buying an additional 167 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of McCormick & Company, Incorporated by 5.0% in the first quarter. Horizon Investments LLC now owns 3,621 shares of the company’s stock worth $296,000 after buying an additional 173 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 1.2%

McCormick & Company, Incorporated stock opened at $68.92 on Monday. The business has a 50 day moving average price of $69.02 and a two-hundred day moving average price of $72.82. The company has a quick ratio of 0.27, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 3.42 and a beta of 0.63. McCormick & Company, Incorporated has a 12 month low of $63.66 and a 12 month high of $86.24.

McCormick & Company, Incorporated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $1.80 annualized dividend and a yield of 2.6%. McCormick & Company, Incorporated’s dividend payout ratio is 62.50%.

Analysts Set New Price Targets

A number of analysts have weighed in on MKC shares. Wall Street Zen cut McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Stifel Nicolaus cut their price objective on McCormick & Company, Incorporated from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Citigroup cut their price objective on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, June 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of McCormick & Company, Incorporated in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $80.29.

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.