Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $1.24 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,486 shares of the company’s stock after selling 1,743 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in McCormick & Company, Incorporated were worth $1,240,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MKC. State Board of Administration of Florida Retirement System lifted its stake in shares of McCormick & Company, Incorporated by 2.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 278,397 shares of the company’s stock valued at $23,165,000 after purchasing an additional 7,898 shares during the period. Ossiam boosted its holdings in McCormick & Company, Incorporated by 89.5% during the fourth quarter. Ossiam now owns 41,928 shares of the company’s stock worth $2,869,000 after buying an additional 19,807 shares during the last quarter. Cetera Investment Advisers boosted its holdings in McCormick & Company, Incorporated by 470.6% during 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 during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $430,000. Finally, SG Americas Securities LLC increased its stake in shares of McCormick & Company, Incorporated by 333.8% in the 1st quarter. SG Americas Securities LLC now owns 70,977 shares of the company’s stock valued at $5,452,000 after acquiring an additional 54,616 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

MKC opened at $84.07 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.62. McCormick & Company, Incorporated has a 12-month low of $59.13 and a 12-month high of $85.49. The business has a 50 day moving average of $80.05 and a 200-day moving average of $75.15. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 4.24 and a beta of 0.76.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be paid a $0.42 dividend. The ex-dividend date is Monday, October 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 61.31%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Lawrence Erik Kurzius sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was 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 $14,944,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MKC. Citigroup raised shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $68.00 to $69.00 in a research report on Wednesday, June 12th. TD Cowen dropped their price target on McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Finally, Bank of America lifted their price objective on McCormick & Company, Incorporated from $86.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and a consensus target price of $76.14.

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.