Caprock Group LLC increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,018 shares of the company’s stock after buying an additional 616 shares during the quarter. Caprock Group LLC’s holdings in McCormick & Company, Incorporated were worth $999,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at approximately $28,000. Albion Financial Group UT purchased a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Kennebec Savings Bank purchased a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $40,000. Rosenberg Matthew Hamilton bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth $38,000. Finally, Friedenthal Financial bought a new stake in McCormick & Company, Incorporated during the third quarter worth about $49,000. Institutional investors and hedge funds own 79.74% of the company’s stock.
Insiders Place Their Bets
In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.34, for a total value of $386,700.00. Following the completion of the transaction, the director now directly owns 28,217 shares of the company’s stock, valued at approximately $2,182,302.78. This represents a 15.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.90% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on MKC
McCormick & Company, Incorporated Stock Up 1.0 %
Shares of MKC opened at $78.03 on Tuesday. The firm has a fifty day moving average price of $76.72 and a 200-day moving average price of $78.25. The firm has a market capitalization of $20.92 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.67 and a beta of 0.75. McCormick & Company, Incorporated has a 12-month low of $64.33 and a 12-month high of $85.49. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. Equities research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.
McCormick & Company, Incorporated Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.43%.
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.
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