Toth Financial Advisory Corp cut its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,733 shares of the company’s stock after selling 1,126 shares during the period. Toth Financial Advisory Corp’s holdings in MCCORMICK & CO /SH were worth $3,259,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of MKC. Jane Street Group LLC grew its holdings in shares of MCCORMICK & CO /SH by 274.5% in the first quarter. Jane Street Group LLC now owns 11,236 shares of the company’s stock worth $1,195,000 after acquiring an additional 8,236 shares during the period. Highland Capital Management LP bought a new stake in shares of MCCORMICK & CO /SH in the first quarter worth $532,000. Hilltop Holdings Inc. bought a new stake in shares of MCCORMICK & CO /SH in the first quarter worth $226,000. McKinley Carter Wealth Services Inc. grew its holdings in shares of MCCORMICK & CO /SH by 10.8% in the first quarter. McKinley Carter Wealth Services Inc. now owns 17,016 shares of the company’s stock worth $1,810,000 after acquiring an additional 1,661 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of MCCORMICK & CO /SH by 6.1% in the first quarter. Royal Bank of Canada now owns 328,057 shares of the company’s stock worth $34,902,000 after acquiring an additional 18,789 shares during the period. 80.37% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 price objective on shares of MCCORMICK & CO /SH in a report on Wednesday, October 3rd. Barclays reaffirmed a “hold” rating and issued a $129.00 price objective on shares of MCCORMICK & CO /SH in a report on Sunday, September 30th. UBS Group set a $130.00 price target on MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, September 28th. Zacks Investment Research raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Stifel Nicolaus boosted their price target on MCCORMICK & CO /SH from $117.00 to $125.00 and gave the company a “hold” rating in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $124.44.
NYSE:MKC opened at $148.50 on Wednesday. MCCORMICK & CO /SH NV has a 52-week low of $93.70 and a 52-week high of $148.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.79 and a quick ratio of 0.36. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 3.19 and a beta of 0.34.
MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings results on Thursday, September 27th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. MCCORMICK & CO /SH had a return on equity of 21.83% and a net margin of 16.57%. MCCORMICK & CO /SH’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.12 earnings per share. Equities research analysts predict that MCCORMICK & CO /SH NV will post 4.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, October 5th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is 48.83%.
In other news, major shareholder Alan D. Wilson sold 111,000 shares of the company’s stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $140.59, for a total value of $15,605,490.00. Following the completion of the transaction, the insider now owns 218,644 shares of the company’s stock, valued at $30,739,159.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Smith sold 7,200 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $142.59, for a total value of $1,026,648.00. Following the completion of the transaction, the vice president now directly owns 23,959 shares of the company’s stock, valued at approximately $3,416,313.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,800 shares of company stock valued at $43,218,890. Corporate insiders own 19.20% of the company’s stock.
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MCCORMICK & CO /SH Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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