Colonial Trust Co SC Has $43,000 Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Colonial Trust Co SC raised its position in McCormick & Company, Incorporated (NYSE:MKC) by 69.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 566 shares of the company’s stock after acquiring an additional 231 shares during the period. Colonial Trust Co SC’s holdings in McCormick & Company, Incorporated were worth $43,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $223,202,000. Balyasny Asset Management L.P. increased its position in shares of McCormick & Company, Incorporated by 47.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,843,273 shares of the company’s stock worth $216,771,000 after acquiring an additional 915,807 shares in the last quarter. Northern Trust Corp raised its holdings in shares of McCormick & Company, Incorporated by 16.8% in the 4th quarter. Northern Trust Corp now owns 3,693,239 shares of the company’s stock worth $281,573,000 after acquiring an additional 531,060 shares during the last quarter. Invesco Ltd. lifted its position in McCormick & Company, Incorporated by 17.6% in the 4th quarter. Invesco Ltd. now owns 2,641,812 shares of the company’s stock valued at $201,412,000 after acquiring an additional 396,214 shares in the last quarter. Finally, Amundi boosted its stake in McCormick & Company, Incorporated by 37.5% during the 4th quarter. Amundi now owns 1,372,446 shares of the company’s stock valued at $102,275,000 after purchasing an additional 374,559 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Insiders Place Their Bets

In other news, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated stock in a transaction dated 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 in the company, valued at $184,497.72. This trade represents a 54.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction that occurred 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 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. Insiders sold 80,842 shares of company stock valued at $6,478,332 over the last ninety days. 23.80% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Trading Down 0.2 %

Shares of McCormick & Company, Incorporated stock opened at $76.10 on Friday. The firm has a market cap of $20.41 billion, a PE ratio of 25.97, a P/E/G ratio of 3.76 and a beta of 0.74. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24. 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 stock has a fifty day moving average price of $78.03 and a 200-day moving average price of $77.60.

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

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.86%.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of recent research reports. Argus lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. Finally, Barclays reduced their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $83.14.

About McCormick & Company, Incorporated

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.