McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,953 shares of the company’s stock after selling 789 shares during the period. Farther Finance Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savvy Advisors Inc. acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $466,000. Somerville Kurt F boosted its stake in McCormick & Company, Incorporated by 34.2% during the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company’s stock valued at $7,325,000 after purchasing an additional 24,467 shares during the period. DJE Kapital AG acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $4,228,000. SBI Securities Co. Ltd. acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $234,000. Finally, Asset Management One Co. Ltd. boosted its stake in McCormick & Company, Incorporated by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock valued at $10,547,000 after purchasing an additional 19,491 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Gregory Repas sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at $184,497.72. The trade was a 54.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katherine Jenkins sold 7,642 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The disclosure for this sale can be found here. Insiders have sold 60,392 shares of company stock worth $4,898,101 in the last ninety days. 23.80% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated Trading Down 2.5%

Shares of NYSE:MKC opened at $73.93 on Monday. The company has a 50 day moving average of $74.53 and a 200-day moving average of $76.98. The firm has a market cap of $19.83 billion, a P/E ratio of 25.23, a P/E/G ratio of 3.76 and a beta of 0.68. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a $0.45 dividend. The ex-dividend date was Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. McCormick & Company, Incorporated’s payout ratio is currently 61.86%.

Analyst Ratings Changes

Separately, Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.50.

McCormick & Company, Incorporated Company Profile

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.