Thurston Springer Miller Herd & Titak Inc. Purchases 5,182 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Thurston Springer Miller Herd & Titak Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 34.7% in the first quarter, Holdings Channel.com reports. The fund owned 20,109 shares of the company’s stock after acquiring an additional 5,182 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in McCormick & Company, Incorporated were worth $1,655,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. International Private Wealth Advisors LLC raised its stake in McCormick & Company, Incorporated by 3.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in McCormick & Company, Incorporated by 2.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company’s stock valued at $382,000 after purchasing an additional 137 shares in the last quarter. Sage Capital Advisors llc raised its stake in McCormick & Company, Incorporated by 2.8% in the first quarter. Sage Capital Advisors llc now owns 5,017 shares of the company’s stock valued at $413,000 after purchasing an additional 137 shares in the last quarter. Empower Advisory Group LLC raised its stake in McCormick & Company, Incorporated by 1.7% in the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock valued at $641,000 after purchasing an additional 138 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in McCormick & Company, Incorporated by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 43,002 shares of the company’s stock valued at $3,278,000 after purchasing an additional 139 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $73.24 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a 52-week low of $66.88 and a 52-week high of $86.24. The company has a fifty day moving average of $75.05 and a 200-day moving average of $77.09. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.46%. McCormick & Company, Incorporated’s payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Separately, Argus downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.14.

Insiders Place Their Bets

In related news, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory Repas sold 2,750 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the completion of the sale, the vice president now owns 2,266 shares in the company, valued at approximately $184,497.72. This trade represents a 54.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,392 shares of company stock valued at $4,898,101 in the last quarter. Insiders own 23.80% of the company’s stock.

About McCormick & Company, Incorporated

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.