E Fund Management Co. Ltd. Invests $39,000 in McCormick & Company, Incorporated (NYSE:MKC)

E Fund Management Co. Ltd. acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 437 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of McCormick & Company, Incorporated by 0.4% during the 1st quarter. BlackRock Inc. now owns 20,915,508 shares of the company’s stock worth $1,864,827,000 after purchasing an additional 89,074 shares during the last quarter. Fundsmith LLP boosted its holdings in shares of McCormick & Company, Incorporated by 113.9% during the 4th quarter. Fundsmith LLP now owns 16,133,793 shares of the company’s stock worth $1,542,391,000 after buying an additional 8,591,698 shares during the period. Northern Trust Corp boosted its holdings in shares of McCormick & Company, Incorporated by 95.4% during the 4th quarter. Northern Trust Corp now owns 2,882,783 shares of the company’s stock worth $275,595,000 after buying an additional 1,407,210 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of McCormick & Company, Incorporated by 102.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,104,223 shares of the company’s stock worth $201,164,000 after buying an additional 1,065,692 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of McCormick & Company, Incorporated by 29.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,838,125 shares of the company’s stock worth $163,888,000 after buying an additional 416,018 shares during the period. Institutional investors own 74.39% of the company’s stock.

Shares of MKC stock opened at $88.74 on Friday. The company has a market cap of $23.70 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 4.47 and a beta of 0.46. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average is $89.63. McCormick & Company, Incorporated has a 52 week low of $82.03 and a 52 week high of $105.54.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Monday, March 29th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.14. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. McCormick & Company, Incorporated had a net margin of 13.02% and a return on equity of 20.64%. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts anticipate that McCormick & Company, Incorporated will post 3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 26th. Shareholders of record on Monday, April 12th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, April 9th. McCormick & Company, Incorporated’s dividend payout ratio is currently 48.06%.

Separately, Argus reaffirmed a “hold” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, March 23rd.

McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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

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