McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by Syon Capital LLC

Syon Capital LLC boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,634 shares of the company’s stock after buying an additional 270 shares during the quarter. Syon Capital LLC’s holdings in McCormick & Company, Incorporated were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKC. Curio Wealth LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth $30,000. Twin Tree Management LP purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $33,000. Albion Financial Group UT acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $37,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $38,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $74.56 on Friday. 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 firm has a fifty day moving average of $79.18 and a 200 day moving average of $77.91. The firm has a market cap of $20.00 billion, a PE ratio of 25.45, a PEG ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on MKC. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. Finally, Barclays cut their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $83.14.

Insider Buying and Selling

In related news, VP Gregory Repas sold 2,750 shares of the company’s 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. This represents a 54.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,842 shares of company stock worth $6,478,332. 23.80% of the stock is owned by corporate insiders.

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.