Woodstock Corp Sells 500 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Woodstock Corp lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,510 shares of the company’s stock after selling 500 shares during the quarter. Woodstock Corp’s holdings in McCormick & Company, Incorporated were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in McCormick & Company, Incorporated by 98.0% in the 2nd quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock valued at $3,302,000 after purchasing an additional 23,033 shares during the period. Moors & Cabot Inc. bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth $238,000. Axxcess Wealth Management LLC raised its holdings in McCormick & Company, Incorporated by 30.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 19,954 shares of the company’s stock valued at $1,416,000 after acquiring an additional 4,677 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of McCormick & Company, Incorporated by 6.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,338 shares of the company’s stock valued at $1,514,000 after acquiring an additional 1,350 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of McCormick & Company, Incorporated by 13.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,863 shares of the company’s stock worth $1,480,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Bank of America upped their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.63.

McCormick & Company, Incorporated Stock Up 2.6 %

Shares of NYSE MKC opened at $73.65 on Friday. McCormick & Company, Incorporated has a 1 year low of $63.88 and a 1 year high of $85.49. 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 cap of $19.76 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75. The company has a 50 day simple moving average of $76.96 and a 200 day simple moving average of $77.86.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.45 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.44%. McCormick & Company, Incorporated’s payout ratio is currently 61.22%.

Insider Buying and Selling

In other news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction dated 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 sale, the director now owns 28,217 shares of the company’s stock, valued at approximately $2,182,302.78. This represents a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 20,000 shares of company stock valued at $1,565,850 in the last three months. Insiders own 22.90% of the company’s stock.

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.