Capital Advisors Ltd. LLC Acquires 175 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Capital Advisors Ltd. LLC boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 87.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in McCormick & Company, Incorporated were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MKC. State Board of Administration of Florida Retirement System boosted its position in shares of McCormick & Company, Incorporated by 2.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 278,397 shares of the company’s stock worth $23,165,000 after acquiring an additional 7,898 shares during the last quarter. Trexquant Investment LP grew its position in shares of McCormick & Company, Incorporated by 374.3% during the fourth quarter. Trexquant Investment LP now owns 116,169 shares of the company’s stock valued at $7,948,000 after purchasing an additional 91,676 shares in the last quarter. Ossiam increased its holdings in shares of McCormick & Company, Incorporated by 89.5% in the fourth quarter. Ossiam now owns 41,928 shares of the company’s stock worth $2,869,000 after purchasing an additional 19,807 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of McCormick & Company, Incorporated by 470.6% in the first quarter. Cetera Investment Advisers now owns 37,958 shares of the company’s stock worth $2,916,000 after buying an additional 31,306 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in McCormick & Company, Incorporated during the fourth quarter valued at approximately $430,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Trading Up 0.7 %

MKC stock opened at $79.30 on Monday. McCormick & Company, Incorporated has a twelve month low of $59.13 and a twelve month high of $83.48. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 4.02 and a beta of 0.75. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $73.75 and its two-hundred day simple moving average is $72.31.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 27th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, July 8th. McCormick & Company, Incorporated’s payout ratio is currently 61.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MKC. TD Cowen decreased their price objective on McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, June 24th. Citigroup raised shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and upped their price target for the company from $68.00 to $69.00 in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.25.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Lawrence Erik Kurzius sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the director now owns 199,258 shares of the company’s stock, valued at approximately $14,944,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 22.90% of the stock is currently owned by corporate insiders.

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.