DJE Kapital AG lessened its stake in McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 64.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,100 shares of the company’s stock after selling 40,800 shares during the quarter. DJE Kapital AG’s holdings in McCormick & Company, Incorporated were worth $1,539,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in MKC. Invesco Ltd. boosted its holdings in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares during the period. Wellington Management Group LLP boosted its holdings in shares of McCormick & Company, Incorporated by 67.2% in the third quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares during the period. Norges Bank acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $62,711,000. State Street Corp boosted its holdings in shares of McCormick & Company, Incorporated by 5.1% in the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $48,576,000. Institutional investors and hedge funds own 79.74% of the company’s stock.
Insider Buying and Selling at McCormick & Company, Incorporated
In other McCormick & Company, Incorporated news, Director Gavin Hattersley purchased 2,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of $52.98 per share, with a total value of $105,960.00. Following the completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on MKC
McCormick & Company, Incorporated Price Performance
Shares of MKC opened at $49.33 on Friday. The firm has a market capitalization of $13.26 billion, a PE ratio of 8.09, a PEG ratio of 2.46 and a beta of 0.65. The company’s 50-day moving average is $49.21 and its 200-day moving average is $59.34. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.76 and a quick ratio of 0.36.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates 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 revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.
McCormick & Company, Incorporated Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.48%.
About McCormick & Company, Incorporated
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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