McCormick & Company, Incorporated (NYSE:MKC) Director Sells $386,700.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.34, for a total transaction of $386,700.00. Following the completion of the sale, the director now owns 28,217 shares of the company’s stock, valued at $2,182,302.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jacques Tapiero also recently made the following trade(s):

• On Monday, November 4th, Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00.

McCormick & Company, Incorporated Trading Down 0.3 %

NYSE:MKC traded down $0.20 during trading hours on Tuesday, hitting $76.83. The stock had a trading volume of 520,779 shares, compared to its average volume of 1,901,506. McCormick & Company, Incorporated has a one year low of $63.67 and a one year high of $85.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 3.54 and a beta of 0.77. The business’s 50 day moving average is $80.86 and its 200-day moving average is $76.23.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.15. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, October 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MKC shares. BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Cowen boosted their price target on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Bank of America boosted their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $79.57.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC lifted its stake in McCormick & Company, Incorporated by 87.5% in the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at $28,000. OFI Invest Asset Management acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $29,000. 1620 Investment Advisors Inc. acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $39,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

About McCormick & Company, Incorporated

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.