4,362 Shares in McCormick & Company, Incorporated (NYSE:MKC) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,362 shares of the company’s stock, valued at approximately $298,000.

A number of other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in McCormick & Company, Incorporated by 41.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,359,068 shares of the company’s stock worth $366,667,000 after acquiring an additional 1,577,636 shares during the last quarter. Northern Trust Corp grew its position in McCormick & Company, Incorporated by 2.8% during the 3rd quarter. Northern Trust Corp now owns 3,438,766 shares of the company’s stock worth $260,108,000 after acquiring an additional 93,034 shares during the last quarter. Norges Bank bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $160,999,000. Invesco Ltd. grew its position in McCormick & Company, Incorporated by 15.4% during the 3rd quarter. Invesco Ltd. now owns 1,828,576 shares of the company’s stock worth $138,313,000 after acquiring an additional 244,211 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in McCormick & Company, Incorporated by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,353,150 shares of the company’s stock valued at $92,583,000 after buying an additional 35,305 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Katherine Jenkins sold 1,726 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence Erik Kurzius sold 80,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $73.75, for a total value of $5,900,000.00. Following the sale, the director now directly owns 199,258 shares in the company, valued at approximately $14,695,277.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,458 shares of company stock valued at $8,286,114. 22.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of recent research reports. Citigroup upgraded McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and increased their price objective for the company from $68.00 to $69.00 in a research report on Wednesday, June 12th. Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, March 27th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, April 2nd. Finally, Barclays increased their price objective on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.00.

McCormick & Company, Incorporated Stock Down 1.2 %

NYSE:MKC opened at $68.63 on Thursday. McCormick & Company, Incorporated has a 12-month low of $59.13 and a 12-month high of $94.39. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $18.42 billion, a P/E ratio of 26.19, a P/E/G ratio of 3.60 and a beta of 0.74. The stock’s fifty day simple moving average is $72.66 and its 200-day simple moving average is $70.08.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, April 5th. McCormick & Company, Incorporated’s payout ratio is presently 64.12%.

About McCormick & Company, Incorporated

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.