McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lessened its stake in McCormick & Company, Incorporated (NYSE:MKC) by 96.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,003 shares of the company’s stock after selling 30,280 shares during the period. Strengthening Families & Communities LLC’s holdings in McCormick & Company, Incorporated were worth $76,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at about $28,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Kennebec Savings Bank acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $76.65 on Tuesday. The business’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $78.38. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. McCormick & Company, Incorporated has a 12 month low of $64.33 and a 12 month high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.35%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.43%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays dropped their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Moderate Buy” and an average target price of $83.75.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.