McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 73.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,590 shares of the company’s stock after purchasing an additional 4,500 shares during the quarter. Everence Capital Management Inc.’s holdings in McCormick & Company, Incorporated were worth $807,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in McCormick & Company, Incorporated in the second quarter valued at $39,000. Kennebec Savings Bank acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at $40,000. Friedenthal Financial purchased a new stake in McCormick & Company, Incorporated during the 3rd quarter worth about $49,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in McCormick & Company, Incorporated during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the director now owns 40,436 shares of the company’s stock, valued at approximately $3,174,226. The trade was a 11.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 20,000 shares of company stock worth $1,565,850. Company insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.0 %

MKC stock opened at $75.85 on Friday. The company has a market cap of $20.35 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 3.44 and a beta of 0.75. The company has a fifty day moving average price of $77.77 and a 200 day moving average price of $77.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. McCormick & Company, Incorporated has a 12 month low of $63.88 and a 12 month high of $85.49.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.22%.

Wall Street Analyst Weigh In

MKC has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $91.00 in a report on Monday, December 9th. TD Cowen raised their price objective on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Bank of America increased their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus boosted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average target price of $81.00.

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.