Diversified Trust Co Has $281,000 Position in MCCORMICK & CO /SH NV (NYSE:MKC)

Diversified Trust Co increased its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,867 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Diversified Trust Co’s holdings in MCCORMICK & CO /SH were worth $281,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MKC. O Shaughnessy Asset Management LLC acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $26,000. Private Ocean LLC acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $27,000. JNBA Financial Advisors acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $28,000. Oregon Public Employees Retirement Fund lifted its stake in shares of MCCORMICK & CO /SH by 38,047.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock valued at $36,000 after purchasing an additional 5,038,246 shares during the period. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

MKC has been the subject of a number of analyst reports. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, June 28th. UBS Group set a $170.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Citigroup reissued a “buy” rating on shares of Healthequity in a research report on Friday, June 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of in a research report on Friday, June 28th. Finally, Jefferies Financial Group set a $3,500.00 price objective on shares of Line and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $142.67.

Shares of MKC stock traded down $0.45 on Thursday, hitting $157.00. The stock had a trading volume of 633,301 shares, compared to its average volume of 1,123,225. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 3.80 and a beta of 0.21. The business has a 50 day simple moving average of $156.30. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.79 and a quick ratio of 0.35. MCCORMICK & CO /SH NV has a 52-week low of $115.95 and a 52-week high of $162.63.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.07. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. MCCORMICK & CO /SH had a net margin of 12.73% and a return on equity of 21.42%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. Sell-side analysts expect that MCCORMICK & CO /SH NV will post 5.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $2.28 annualized dividend and a yield of 1.45%. MCCORMICK & CO /SH’s dividend payout ratio is presently 45.88%.

In other news, VP Nneka Louise Rimmer sold 2,070 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $154.02, for a total transaction of $318,821.40. Following the completion of the transaction, the vice president now owns 6,209 shares in the company, valued at $956,310.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christina M. Mcmullen sold 2,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $154.00, for a total transaction of $308,000.00. Following the transaction, the vice president now owns 3,211 shares of the company’s stock, valued at approximately $494,494. The disclosure for this sale can be found here. Insiders sold 17,035 shares of company stock worth $2,686,874 over the last ninety days. 11.00% of the stock is currently owned by corporate insiders.

MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

Read More: Cash Asset Ratio

Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.