McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 7,344.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,132 shares of the company’s stock after purchasing an additional 114,572 shares during the period. International Assets Investment Management LLC’s holdings in McCormick & Company, Incorporated were worth $7,946,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC purchased a new position in McCormick & Company, Incorporated during the third quarter worth about $29,000. Point72 Hong Kong Ltd purchased a new position in McCormick & Company, Incorporated during the first quarter worth about $44,000. Anchor Investment Management LLC purchased a new position in McCormick & Company, Incorporated during the fourth quarter worth about $36,000. ICA Group Wealth Management LLC purchased a new position in McCormick & Company, Incorporated during the fourth quarter worth about $46,000. Finally, KB Financial Partners LLC purchased a new position in McCormick & Company, Incorporated during the first quarter worth about $49,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Maritza Gomez Montiel sold 7,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $77.00, for a total value of $539,000.00. Following the completion of the transaction, the director now directly owns 5,594 shares in the company, valued at $430,738. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $65.20, for a total value of $326,000.00. Following the completion of the transaction, the director now directly owns 39,181 shares in the company, valued at $2,554,601.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 7,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $77.00, for a total value of $539,000.00. Following the completion of the transaction, the director now owns 5,594 shares of the company’s stock, valued at $430,738. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,000 shares of company stock worth $2,376,400. 22.90% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Stock Performance

NYSE MKC opened at $71.76 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.77 and a beta of 0.74. The business has a fifty day moving average of $69.96 and a 200-day moving average of $67.54. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 0.63.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that McCormick & Company, Incorporated will post 2.85 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 5th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.34%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 64.12%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MKC shares. Barclays increased their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Stifel Nicolaus increased their target price on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Consumer Edge cut shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. dropped their target price on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Finally, Argus raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $77.88.

McCormick & Company, Incorporated Company 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.