Schulhoff & Co. Inc. Decreases Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Schulhoff & Co. Inc. reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKCGet Rating) by 3.9% in the first quarter, reports. The firm owned 24,218 shares of the company’s stock after selling 994 shares during the period. McCormick & Company, Incorporated comprises 1.0% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 26th largest position. Schulhoff & Co. Inc.’s holdings in McCormick & Company, Incorporated were worth $2,416,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MKC. Allspring Global Investments Holdings LLC bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $1,614,000. Dupont Capital Management Corp purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $143,000. CWM LLC bought a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $355,000. Xponance Inc. increased its position in shares of McCormick & Company, Incorporated by 25.6% during the fourth quarter. Xponance Inc. now owns 15,876 shares of the company’s stock valued at $1,534,000 after buying an additional 3,239 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of McCormick & Company, Incorporated by 60.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,273 shares of the company’s stock valued at $509,000 after buying an additional 1,982 shares during the period. 74.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MKC shares. Argus downgraded McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft reduced their price target on McCormick & Company, Incorporated from $91.00 to $85.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Finally, TheStreet lowered McCormick & Company, Incorporated from a “b” rating to a “c+” rating in a research report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $99.00.

McCormick & Company, Incorporated Stock Up 0.0 %

Shares of NYSE MKC traded up $0.04 during trading on Friday, reaching $88.33. The company had a trading volume of 810,813 shares, compared to its average volume of 1,105,181. McCormick & Company, Incorporated has a 12-month low of $77.85 and a 12-month high of $107.35. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average is $85.60 and its 200 day moving average is $94.04. The stock has a market cap of $23.70 billion, a PE ratio of 34.91, a P/E/G ratio of 5.49 and a beta of 0.50.

McCormick & Company, Incorporated (NYSE:MKCGet Rating) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.17). The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.61 billion. McCormick & Company, Incorporated had a net margin of 10.78% and a return on equity of 16.48%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.02 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, July 8th. McCormick & Company, Incorporated’s payout ratio is 58.50%.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 10,580 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $84.44, for a total value of $893,375.20. Following the transaction, the director now owns 12,660 shares in the company, valued at approximately $1,069,010.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.90% of the company’s stock.

McCormick & Company, Incorporated Company Profile

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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.

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

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