Revisor Wealth Management LLC Sells 884 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Revisor Wealth Management LLC lessened its position in McCormick & Company, Incorporated (NYSE:MKC) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,946 shares of the company’s stock after selling 884 shares during the period. Revisor Wealth Management LLC’s holdings in McCormick & Company, Incorporated were worth $225,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Savvy Advisors Inc. bought a new stake in McCormick & Company, Incorporated in the 4th quarter worth $466,000. Somerville Kurt F grew its holdings in McCormick & Company, Incorporated by 34.2% in the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company’s stock worth $7,325,000 after acquiring an additional 24,467 shares during the last quarter. DJE Kapital AG bought a new stake in McCormick & Company, Incorporated in the 4th quarter worth $4,228,000. SBI Securities Co. Ltd. bought a new stake in McCormick & Company, Incorporated in the 4th quarter worth $234,000. Finally, Asset Management One Co. Ltd. grew its holdings in McCormick & Company, Incorporated by 16.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock worth $10,547,000 after acquiring an additional 19,491 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of research reports. JPMorgan Chase & Co. lifted 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. Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Barclays cut their target price on shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued 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 “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 that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.42, for a total value of $223,905.00. Following the sale, the vice president now owns 2,266 shares in the company, valued at $184,497.72. This represents a 54.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the sale, the director now owns 247,437 shares in the company, valued at $20,242,820.97. The trade was a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,392 shares of company stock worth $4,898,101 in the last 90 days. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.3%

NYSE:MKC opened at $71.13 on Friday. The firm has a market capitalization of $19.08 billion, a P/E ratio of 24.28, a PEG ratio of 3.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $86.24. The company’s 50-day simple moving average is $76.39 and its 200 day simple moving average is $77.29.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results 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). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. McCormick & Company, Incorporated’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.53%. McCormick & Company, Incorporated’s payout ratio is currently 61.86%.

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.