McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,435 shares of the company’s stock after acquiring an additional 323 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in McCormick & Company, Incorporated were worth $3,382,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $36,000. Milestone Investment Advisors LLC purchased a new position in shares of McCormick & Company, Incorporated in the third quarter worth about $47,000. Valley National Advisers Inc. raised its stake in shares of McCormick & Company, Incorporated by 283.9% in the fourth quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock worth $53,000 after purchasing an additional 582 shares during the last quarter. Private Trust Co. NA raised its stake in shares of McCormick & Company, Incorporated by 59.1% in the fourth quarter. Private Trust Co. NA now owns 781 shares of the company’s stock worth $53,000 after purchasing an additional 290 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of McCormick & Company, Incorporated by 72.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,093 shares of the company’s stock worth $75,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other news, insider Katherine Jenkins sold 1,726 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total value of $128,328.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 1,726 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patricia A. Little sold 20,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.57, for a total value of $1,511,400.00. Following the transaction, the director now directly owns 24,732 shares in the company, valued at approximately $1,868,997.24. The disclosure for this sale can be found here. Insiders have sold 33,726 shares of company stock valued at $2,504,728 over the last ninety days. Insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MKC shares. JPMorgan Chase & Co. reduced their price objective on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, January 26th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, April 2nd. Barclays lifted their price target 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. Consumer Edge cut McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus lifted their price target 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.88.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC traded up $0.61 during trading on Friday, reaching $75.95. The stock had a trading volume of 220,503 shares, compared to its average volume of 1,992,932. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.68. The business has a fifty day moving average price of $72.89 and a 200-day moving average price of $68.69. The stock has a market cap of $20.39 billion, a PE ratio of 28.76, a PEG ratio of 3.87 and a beta of 0.73. McCormick & Company, Incorporated has a 1-year low of $59.13 and a 1-year high of $94.39.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. On average, equities analysts forecast that McCormick & Company, Incorporated will post 2.85 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, April 5th. McCormick & Company, Incorporated’s dividend 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.