Clean Yield Group Has $5.76 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Clean Yield Group boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,532 shares of the company’s stock after buying an additional 7,217 shares during the period. McCormick & Company, Incorporated makes up approximately 1.8% of Clean Yield Group’s investment portfolio, making the stock its 11th largest position. Clean Yield Group’s holdings in McCormick & Company, Incorporated were worth $5,759,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in McCormick & Company, Incorporated during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of McCormick & Company, Incorporated during the 2nd quarter worth $39,000. Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth $40,000. Friedenthal Financial acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at about $49,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in McCormick & Company, Incorporated in the third quarter valued at about $50,000. 79.74% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $78.33, for a total value of $391,650.00. Following the transaction, the director now directly owns 28,217 shares of the company’s stock, valued at $2,210,237.61. The trade was a 15.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Trading Down 0.3 %

Shares of McCormick & Company, Incorporated stock traded down $0.21 during midday trading on Monday, reaching $71.18. The company had a trading volume of 1,918,265 shares, compared to its average volume of 1,613,430. The stock has a fifty day moving average price of $77.33 and a 200 day moving average price of $77.89. McCormick & Company, Incorporated has a fifty-two week low of $63.88 and a fifty-two week high of $85.49. The firm has a market cap of $19.10 billion, a PE ratio of 24.21, a P/E/G ratio of 3.44 and a beta of 0.75. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s payout ratio is 61.22%.

Analyst Ratings Changes

A number of research analysts have recently commented on MKC shares. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a research report on Monday, December 9th. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. Bank of America raised their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.