1 week Ago By ABMN Staff
Farmers & Merchants Investments Inc. increased its holdings in shares of McCormick & Company, Incorporated ( NYSE:MKC – Free Report ) by 40.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 794 shares of the company’s stock after acquiring an additional 228 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in McCormick & Company, Incorporated were worth $56,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in McCormick & Company, Incorporated by 8.
8% in the 4th quarter. Victory Capital Management Inc. now owns 175,358 shares of the company’s stock worth $11,998,000 after purchasing an additional 14,155 shares in the last quarter.
National Bank of Canada FI increased its holdings in shares of McCormick & Company, Incorporated by 10.4% in the fourth quarter. National Bank of Canada FI now owns 72,905 shares of the company’s stock valued at $5,070,000 after purchasing an additional 6,892 shares during the last quarter.
Private Advisor Group LLC lifted its position in McCormick & Company, Incorporated by 6.7% during the fourth quarter. Private Advisor Group LLC now owns 53,532 shares of the company’s stock worth $3,663,000 after buying an additional 3,353 shares in the last quarter.
Charles Schwab Investment Management Inc. lifted its position in McCormick & Company, Incorporated by 2.7% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,353,150 shares of the company’s stock worth $92,583,000 after buying an additional 35,305 shares in the last quarter. Finally, Principal Securities Inc.
acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth $403,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
Analysts Set New Price Targets A number of brokerages have issued reports on MKC. TD Cowen cut their target price on McCormick & Company, Incorporated from $75.00 to $73.
00 and set a “hold” rating for the company in a research note on Monday, June 24th. Citigroup raised shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and upped their price objective for the company from $68.00 to $69.
00 in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $76.
25. Insider Activity at McCormick & Company, Incorporated In related news, Director Lawrence Erik Kurzius sold 25,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was 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 filing with the SEC, which is available through this hyperlink . Company insiders own 22.90% of the company’s stock.
McCormick & Company, Incorporated Trading Down 0.2 % NYSE MKC opened at $82.88 on Friday.
The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.
31. The stock has a market capitalization of $22.26 billion, a P/E ratio of 30.
25, a PEG ratio of 4.12 and a beta of 0.76.
The firm’s 50-day moving average is $76.06 and its two-hundred day moving average is $73.30.
McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $83.58.
McCormick & Company, Incorporated ( NYSE:MKC – Get Free Report ) last issued its quarterly earnings data on Thursday, June 27th. The company reported $0.69 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $0.
60 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.
On average, sell-side analysts anticipate that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year. McCormick & Company, Incorporated Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd.
Stockholders of record on Monday, July 8th were paid a $0.42 dividend. The ex-dividend date was Monday, July 8th.
This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%.
McCormick & Company, Incorporated’s payout ratio is presently 61.31%. McCormick & Company, Incorporated 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. Featured Stories Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated ( NYSE:MKC – Free Report ). Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter .
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