McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 321.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 449,870 shares of the company’s stock after buying an additional 343,070 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.17% of McCormick & Company, Incorporated worth $34,298,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MKC. Capital Performance Advisors LLP bought a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $28,000. Albion Financial Group UT bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at $33,000. Rosenberg Matthew Hamilton acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $38,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth $39,000. Finally, Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth $40,000. Institutional investors own 79.74% of the company’s stock.

Insider Activity

In related news, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $77.34, for a total value of $386,700.00. Following the transaction, the director now directly owns 28,217 shares in the company, valued at approximately $2,182,302.78. This trade represents a 15.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 15,000 shares of company stock valued at $1,173,350 over the last 90 days. 22.90% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $77.83 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $20.89 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.23 and a beta of 0.75. McCormick & Company, Incorporated has a 12-month low of $64.33 and a 12-month high of $85.49. The company has a 50 day moving average price of $76.73 and a two-hundred day moving average price of $78.17.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. As a group, equities analysts predict that McCormick & Company, Incorporated will post 2.92 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.22%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research report on Friday, January 24th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Barclays decreased their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.75.

McCormick & Company, Incorporated Company 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.