Sage Capital Advisors llc Sells 3,004 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Sage Capital Advisors llc trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 38.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,880 shares of the company’s stock after selling 3,004 shares during the quarter. Sage Capital Advisors llc’s holdings in McCormick & Company, Incorporated were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in McCormick & Company, Incorporated in the second quarter worth $39,000. Kennebec Savings Bank bought a new stake in McCormick & Company, Incorporated in the third quarter valued at $40,000. Friedenthal Financial acquired a new position in shares of McCormick & Company, Incorporated during the third quarter valued at about $49,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth about $50,000. Institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the completion of the transaction, the director now owns 28,217 shares in the company, valued at $2,210,237.61. This trade represents a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $1,565,850. Company insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. BNP Paribas upgraded McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $86.00 to $90.00 in a research note on Wednesday. Bank of America upped their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC traded down $2.42 during mid-day trading on Friday, reaching $72.10. 471,899 shares of the company’s stock were exchanged, compared to its average volume of 1,307,650. The firm has a 50-day moving average price of $77.48 and a two-hundred day moving average price of $77.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. The firm has a market capitalization of $19.35 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.44 and a beta of 0.75. McCormick & Company, Incorporated has a 52 week low of $63.88 and a 52 week high of $85.49.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 30th will be paid a $0.45 dividend. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 annualized dividend and a yield of 2.50%. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.22%.

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.