McCormick & Company, Incorporated $MKC Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 66,156 shares of the company’s stock after acquiring an additional 1,183 shares during the quarter. Boston Common Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $5,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKC. Merit Financial Group LLC increased its position in McCormick & Company, Incorporated by 24.3% during the first quarter. Merit Financial Group LLC now owns 12,147 shares of the company’s stock worth $1,000,000 after purchasing an additional 2,375 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in McCormick & Company, Incorporated by 3.5% during 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 period. Sivia Capital Partners LLC purchased a new position in McCormick & Company, Incorporated during the first quarter worth about $206,000. Clean Yield Group boosted its stake in McCormick & Company, Incorporated by 2.5% during the first quarter. Clean Yield Group now owns 77,457 shares of the company’s stock worth $6,375,000 after buying an additional 1,925 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in McCormick & Company, Incorporated by 1.3% during 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 period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 1.2%

NYSE MKC opened at $68.92 on Friday. The firm has a 50 day simple moving average of $69.02 and a 200-day simple moving average of $72.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. McCormick & Company, Incorporated has a one year low of $63.66 and a one year high of $86.24. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 3.42 and a beta of 0.63.

McCormick & Company, Incorporated Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on MKC shares. Wall Street Zen lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $79.00 to $71.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Citigroup lowered their target price on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Tuesday, June 17th. Finally, Stifel Nicolaus lowered their target price on shares of McCormick & Company, Incorporated from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.