McCormick & Company, Incorporated (MKC) Stake Held by FTB Advisors Inc.

FTB Advisors Inc. continued to hold its position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,600 shares of the company’s stock at the end of the second quarter. FTB Advisors Inc.’s holdings in McCormick & Company, were worth $156,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in McCormick & Company, in the first quarter valued at about $135,000. Harfst & Associates Inc. bought a new position in McCormick & Company, in the first quarter valued at about $139,000. Van ECK Associates Corp boosted its holdings in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after acquiring an additional 109 shares during the last quarter. BlueMountain Capital Management LLC boosted its holdings in McCormick & Company, by 1,600.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after acquiring an additional 1,616 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) traded up 0.34% during midday trading on Friday, hitting $98.18. The stock had a trading volume of 1,559,648 shares. The company’s 50 day moving average price is $97.45 and its 200-day moving average price is $98.87. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 26.08 and a beta of 0.53.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that McCormick & Company, Incorporated will post $4.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is currently 51.93%.

Several equities analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price target on shares of McCormick & Company, in a report on Thursday, July 27th. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $108.00 target price on McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $105.50.

In related news, VP Michael R. Smith sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the transaction, the vice president now directly owns 19,248 shares of the company’s stock, valued at approximately $1,974,844.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 15.30% of the stock is currently owned by corporate insiders.

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McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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