Woodstock Corp Has $420,000 Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Woodstock Corp cut its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,510 shares of the company’s stock after selling 500 shares during the quarter. Woodstock Corp’s holdings in McCormick & Company, Incorporated were worth $420,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in McCormick & Company, Incorporated during the third quarter worth $28,000. Rosenberg Matthew Hamilton acquired a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Strategic Investment Solutions Inc. IL bought a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $39,000. Kennebec Savings Bank bought a new position in McCormick & Company, Incorporated in the third quarter worth approximately $40,000. Finally, Friedenthal Financial acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the sale, the director now directly owns 40,436 shares in the company, valued at $3,174,226. The trade was a 11.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MKC shares. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $91.00 in a report on Monday, December 9th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. BNP Paribas upgraded McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Bank of America increased their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.63.

McCormick & Company, Incorporated Price Performance

MKC opened at $73.65 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $63.88 and a fifty-two week high of $85.49. The firm has a 50-day moving average of $76.96 and a 200 day moving average of $77.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The firm has a market cap of $19.76 billion, a P/E ratio of 25.05, a PEG ratio of 3.07 and a beta of 0.75.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.44%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.22%.

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.