Motley Fool Asset Management LLC Has $298,000 Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Motley Fool Asset Management LLC decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,358 shares of the company’s stock after selling 455 shares during the quarter. Motley Fool Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MKC. Legacy Financial Group LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth $29,000. Anchor Investment Management LLC acquired a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $36,000. Milestone Investment Advisors LLC bought a new position in shares of McCormick & Company, Incorporated in the third quarter worth about $47,000. Valley National Advisers Inc. lifted its position in shares of McCormick & Company, Incorporated by 283.9% during the 4th quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock worth $53,000 after purchasing an additional 582 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in McCormick & Company, Incorporated by 59.1% during the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 290 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $75.73 on Friday. The firm has a market cap of $20.33 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The firm’s 50-day simple moving average is $71.61 and its 200-day simple moving average is $67.83. McCormick & Company, Incorporated has a twelve month low of $59.13 and a twelve month high of $94.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts expect that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, April 5th. This represents a $1.68 annualized dividend and a yield of 2.22%. McCormick & Company, Incorporated’s dividend payout ratio is currently 64.12%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Maritza Gomez Montiel sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $77.00, for a total value of $539,000.00. Following the sale, the director now owns 5,594 shares of the company’s stock, valued at approximately $430,738. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McCormick & Company, Incorporated news, Director Patricia A. Little sold 20,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.57, for a total value of $1,511,400.00. Following the transaction, the director now owns 24,732 shares of the company’s stock, valued at $1,868,997.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Maritza Gomez Montiel sold 7,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $77.00, for a total value of $539,000.00. Following the sale, the director now owns 5,594 shares in the company, valued at approximately $430,738. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,726 shares of company stock valued at $2,504,728. 22.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MKC has been the topic of several recent analyst reports. Citigroup lifted their price target on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Wednesday, March 27th. Stifel Nicolaus increased their price target on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, January 26th. Argus raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, April 2nd. Finally, Barclays lifted their target price on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.88.

McCormick & Company, Incorporated Profile

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.