2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP reduced its holdings in shares of McCormick & Company, Incorporated ( NYSE:MKC – Free Report ) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,016 shares of the company’s stock after selling 788 shares during the quarter.
DoubleLine ETF Adviser LP’s holdings in McCormick & Company, Incorporated were worth $711,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of MKC. Capital Advisors Ltd.
LLC lifted its stake in shares of McCormick & Company, Incorporated by 87.5% during the 2nd quarter. Capital Advisors Ltd.
LLC now owns 375 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. OFI Invest Asset Management bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $29,000. 1620 Investment Advisors Inc.
bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $35,000. Farmers & Merchants Investments Inc. increased its holdings in McCormick & Company, Incorporated by 40.
3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 794 shares of the company’s stock worth $56,000 after acquiring an additional 228 shares during the period.
Finally, Hantz Financial Services Inc. bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $67,000. 79.
74% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at McCormick & Company, Incorporated In related news, Director Lawrence Erik Kurzius sold 25,000 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $75.
00, for a total transaction of $1,875,000.00. Following the transaction, the director now owns 199,258 shares of the company’s stock, valued at approximately $14,944,350.
The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . 22.90% of the stock is owned by insiders.
McCormick & Company, Incorporated Price Performance McCormick & Company, Incorporated ( NYSE:MKC – Get Free Report ) last issued its quarterly earnings results on Thursday, June 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.
59 by $0.10. McCormick & Company, Incorporated had a net margin of 11.
07% and a return on equity of 14.63%. The firm had revenue of $1.
64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm earned $0.
60 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.
On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 2.85 earnings per share for the current fiscal year. McCormick & Company, Incorporated Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st.
Investors of record on Monday, October 7th will be issued a dividend of $0.42 per share. This represents a $1.
68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, October 7th.
McCormick & Company, Incorporated’s dividend payout ratio is currently 61.31%. Analysts Set New Price Targets A number of analysts recently weighed in on MKC shares.
Bank of America upped their target price on shares of McCormick & Company, Incorporated from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th.
Citigroup raised shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and upped their target price for the stock from $68.00 to $69.00 in a report on Wednesday, June 12th.
Finally, TD Cowen decreased their target price on shares of McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, June 24th.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus target price of $76.14.
Check Out Our Latest Stock Report on MKC McCormick & Company, Incorporated Company Profile ( Free Report ) McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.
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