McCormick & Company, Incorporated $MKC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 45.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,615 shares of the company’s stock after selling 16,327 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in McCormick & Company, Incorporated were worth $1,312,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MKC. D.A. Davidson & CO. grew its position in McCormick & Company, Incorporated by 0.9% during the third quarter. D.A. Davidson & CO. now owns 23,249 shares of the company’s stock valued at $1,556,000 after acquiring an additional 208 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of McCormick & Company, Incorporated by 2.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 149,951 shares of the company’s stock worth $10,033,000 after purchasing an additional 3,949 shares during the period. Taylor Frigon Capital Management LLC increased its position in McCormick & Company, Incorporated by 16.6% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 22,414 shares of the company’s stock worth $1,500,000 after purchasing an additional 3,199 shares in the last quarter. Retirement Guys Formula LLC increased its position in McCormick & Company, Incorporated by 9.8% during the 3rd quarter. Retirement Guys Formula LLC now owns 15,074 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its holdings in McCormick & Company, Incorporated by 7,290.3% in the third quarter. Generali Asset Management SPA SGR now owns 19,067 shares of the company’s stock valued at $1,276,000 after buying an additional 18,809 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, CEO Brendan M. Foley sold 57,144 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.56, for a total transaction of $3,746,360.64. Following the sale, the chief executive officer directly owned 108,652 shares in the company, valued at $7,123,225.12. The trade was a 34.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Lawrence Erik Kurzius sold 39,014 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $64.54, for a total value of $2,517,963.56. Additional details regarding this sale are available in the official SEC disclosure. 23.80% of the stock is owned by company insiders.

McCormick & Company, Incorporated Stock Performance

NYSE:MKC opened at $67.76 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.29. The firm has a 50-day moving average of $66.47 and a two-hundred day moving average of $68.40. The stock has a market cap of $18.18 billion, a P/E ratio of 23.44, a PEG ratio of 4.15 and a beta of 0.62. McCormick & Company, Incorporated has a 1-year low of $62.64 and a 1-year high of $86.24.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.48 per share. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, December 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. McCormick & Company, Incorporated’s payout ratio is 66.44%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, December 15th. Stifel Nicolaus lowered their price target on McCormick & Company, Incorporated from $76.00 to $71.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Jefferies Financial Group decreased their target price on McCormick & Company, Incorporated from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Barclays lowered their target price on McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $76.50.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.