Reik & CO. LLC reduced its stake in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 428,926 shares of the company’s stock after selling 11,430 shares during the period. McCormick & Company, Incorporated makes up 8.0% of Reik & CO. LLC’s investment portfolio, making the stock its 5th biggest position. Reik & CO. LLC owned about 0.16% of McCormick & Company, Incorporated worth $29,214,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in McCormick & Company, Incorporated by 2.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after buying an additional 925 shares during the last quarter. Empowered Funds LLC lifted its position in McCormick & Company, Incorporated by 19.0% in the 1st quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after buying an additional 941 shares during the last quarter. Woodline Partners LP lifted its position in McCormick & Company, Incorporated by 40.9% in the 1st quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after buying an additional 6,189 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in McCormick & Company, Incorporated in the 2nd quarter worth approximately $6,520,000. Finally, Daiwa Securities Group Inc. lifted its position in McCormick & Company, Incorporated by 6.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 37,888 shares of the company’s stock worth $2,873,000 after buying an additional 2,176 shares during the last quarter. 79.74% of the stock is owned by institutional investors.
Insider Activity at McCormick & Company, Incorporated
In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 2,906 shares in the company, valued at $153,959.88. The trade was a 220.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on MKC
McCormick & Company, Incorporated Stock Performance
Shares of NYSE:MKC opened at $46.26 on Monday. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. The company has a 50-day moving average price of $52.74 and a 200-day moving average price of $61.73. The company has a current ratio of 0.76, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 12 month low of $44.82 and a 12 month high of $78.16.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.79 billion. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.
McCormick & Company, Incorporated Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, April 20th. McCormick & Company, Incorporated’s dividend payout ratio is 31.48%.
McCormick & Company, Incorporated Profile
McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.
McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.
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