Cwm LLC Grows Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Cwm LLC increased its holdings in McCormick & Company, Incorporated (NYSE:MKC – Get Rating) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,290 shares of the company’s stock after purchasing an additional 252 shares during the quarter. Cwm LLC’s holdings in McCormick & Company, Incorporated were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 1.6% in the first quarter. Vanguard Group Inc. now owns 28,955,774 shares of the company’s stock worth $2,889,787,000 after purchasing an additional 462,997 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of McCormick & Company, Incorporated by 2.8% in the second quarter. Nordea Investment Management AB now owns 2,440,642 shares of the company’s stock worth $208,211,000 after purchasing an additional 67,471 shares during the last quarter. Legal & General Group Plc grew its stake in shares of McCormick & Company, Incorporated by 2.9% in the second quarter. Legal & General Group Plc now owns 2,070,201 shares of the company’s stock worth $172,344,000 after purchasing an additional 58,516 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of McCormick & Company, Incorporated by 169.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,049,413 shares of the company’s stock worth $170,614,000 after purchasing an additional 1,287,858 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 1.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,904,348 shares of the company’s stock worth $158,537,000 after purchasing an additional 23,682 shares during the last quarter. 79.15% of the stock is owned by institutional investors.

Insider Transactions at McCormick & Company, Incorporated

In other news, COO Brendan M. Foley sold 2,152 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $74.62, for a total value of $160,582.24. Following the sale, the chief operating officer now directly owns 702 shares of the company’s stock, valued at approximately $52,383.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Brendan M. Foley sold 2,152 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $74.62, for a total value of $160,582.24. Following the completion of the transaction, the chief operating officer now directly owns 702 shares in the company, valued at approximately $52,383.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $82.00, for a total transaction of $410,000.00. Following the completion of the transaction, the director now owns 38,137 shares of the company’s stock, valued at $3,127,234. The disclosure for this sale can be found here. Insiders have sold a total of 12,152 shares of company stock valued at $942,632 in the last ninety days. 15.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on MKC shares. Exane BNP Paribas initiated coverage on McCormick & Company, Incorporated in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $94.00 target price on the stock. BNP Paribas initiated coverage on McCormick & Company, Incorporated in a research report on Tuesday, November 15th. They set an “outperform” rating and a $94.00 price objective on the stock. StockNews.com initiated coverage on McCormick & Company, Incorporated in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on McCormick & Company, Incorporated from $79.00 to $83.00 and gave the company a “hold” rating in a research report on Tuesday, December 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.17.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $81.10 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $84.03 and its 200-day moving average price is $82.46. McCormick & Company, Incorporated has a 52 week low of $71.19 and a 52 week high of $107.35. The stock has a market cap of $21.75 billion, a P/E ratio of 31.68, a P/E/G ratio of 5.40 and a beta of 0.61.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 9th. Stockholders of record on Friday, December 30th were given a $0.39 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, December 29th. McCormick & Company, Incorporated’s payout ratio is currently 60.94%.

About McCormick & Company, Incorporated

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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.