Reik & CO. LLC Has $35.30 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Reik & CO. LLC reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,068 shares of the company’s stock after selling 780 shares during the period. McCormick & Company, Incorporated comprises approximately 8.5% of Reik & CO. LLC’s holdings, making the stock its 5th largest holding. Reik & CO. LLC owned about 0.17% of McCormick & Company, Incorporated worth $35,304,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in McCormick & Company, Incorporated in the third quarter valued at approximately $28,000. Albion Financial Group UT bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $33,000. Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at approximately $38,000. Kennebec Savings Bank acquired a new position in McCormick & Company, Incorporated during the 3rd quarter valued at approximately $40,000. Finally, Friedenthal Financial bought a new position in McCormick & Company, Incorporated during the 3rd quarter worth $49,000. 79.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. Barclays cut their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $91.00 in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Moderate Buy” and a consensus price target of $83.75.

McCormick & Company, Incorporated Stock Down 2.2 %

MKC stock opened at $76.65 on Tuesday. The firm’s 50-day moving average is $76.70 and its two-hundred day moving average is $78.38. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 3.67 and a beta of 0.75. McCormick & Company, Incorporated has a 52 week low of $64.33 and a 52 week high of $85.49. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last announced 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 return on equity of 14.89% and a net margin of 11.73%. On average, analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a $0.45 dividend. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.35%. McCormick & Company, Incorporated’s dividend payout ratio is 61.43%.

About McCormick & Company, Incorporated

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.