McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Ossiam

Ossiam increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 136.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,199 shares of the company’s stock after purchasing an additional 11,092 shares during the period. Ossiam’s holdings in McCormick & Company, Incorporated were worth $1,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MKC. International Private Wealth Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated by 3.9% in the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares during the period. Hazlett Burt & Watson Inc. grew its position in McCormick & Company, Incorporated by 2.8% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company’s stock valued at $382,000 after purchasing an additional 137 shares in the last quarter. Empower Advisory Group LLC increased its stake in McCormick & Company, Incorporated by 1.7% in the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock valued at $641,000 after buying an additional 138 shares during the period. Bessemer Group Inc. lifted its position in McCormick & Company, Incorporated by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 43,002 shares of the company’s stock worth $3,278,000 after buying an additional 139 shares in the last quarter. Finally, Hunter Associates Investment Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 1.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company’s stock valued at $954,000 after buying an additional 153 shares during the period. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MKC shares. JPMorgan Chase & Co. upped their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. Barclays lowered their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Finally, Argus cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.14.

McCormick & Company, Incorporated Stock Up 2.4 %

MKC opened at $75.29 on Monday. The firm has a market cap of $20.19 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The business has a 50 day moving average price of $79.34 and a 200 day moving average price of $78.04. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company posted $0.63 earnings per share. McCormick & Company, Incorporated’s quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.86%.

Insider Activity

In other news, Director Lawrence Erik Kurzius sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the transaction, the director now owns 247,437 shares in the company, valued at approximately $20,242,820.97. The trade was a 16.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory Repas sold 2,750 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the completion of the sale, the vice president now owns 2,266 shares of the company’s stock, valued at approximately $184,497.72. The trade was a 54.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,842 shares of company stock valued at $6,478,332. 23.80% of the stock is owned by insiders.

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.