Town & Country Bank & Trust CO dba First Bankers Trust CO Invests $215,000 in McCormick & Company, Incorporated (NYSE:MKC)

Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,794 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKC. WoodTrust Financial Corp increased its holdings in McCormick & Company, Incorporated by 12.4% in the 1st quarter. WoodTrust Financial Corp now owns 5,450 shares of the company’s stock valued at $419,000 after buying an additional 600 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of McCormick & Company, Incorporated by 13.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 121,333 shares of the company’s stock valued at $9,320,000 after acquiring an additional 14,641 shares in the last quarter. Cardinal Capital Management increased its stake in McCormick & Company, Incorporated by 10.1% in the first quarter. Cardinal Capital Management now owns 89,369 shares of the company’s stock valued at $6,864,000 after acquiring an additional 8,228 shares during the period. Davis Investment Partners LLC bought a new stake in McCormick & Company, Incorporated in the first quarter valued at about $203,000. Finally, DLK Investment Management LLC raised its position in McCormick & Company, Incorporated by 14.1% in the first quarter. DLK Investment Management LLC now owns 69,344 shares of the company’s stock worth $5,326,000 after purchasing an additional 8,580 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Trading Up 0.5 %

Shares of NYSE MKC traded up $0.34 during mid-day trading on Friday, hitting $70.94. The company’s stock had a trading volume of 4,136,213 shares, compared to its average volume of 2,226,184. McCormick & Company, Incorporated has a one year low of $59.13 and a one year high of $90.83. The company’s fifty day simple moving average is $72.19 and its 200-day simple moving average is $70.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.30. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 3.71 and a beta of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 27th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.10. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.60 earnings per share. McCormick & Company, Incorporated’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that McCormick & Company, Incorporated will post 2.84 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.37%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.31%.

Analyst Ratings Changes

Several brokerages recently commented on MKC. Barclays boosted their price target on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Citigroup raised shares of McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $68.00 to $69.00 in a research note on Wednesday, June 12th. TD Cowen cut their target price on shares of McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Stifel Nicolaus boosted their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, March 27th. Finally, Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average target price of $76.25.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Lawrence Erik Kurzius sold 80,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $73.75, for a total value of $5,900,000.00. Following the completion of the sale, the director now owns 199,258 shares in the company, valued at approximately $14,695,277.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Lawrence Erik Kurzius sold 80,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $73.75, for a total value of $5,900,000.00. Following the sale, the director now directly owns 199,258 shares of the company’s stock, valued at approximately $14,695,277.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Jenkins sold 2,732 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $75.91, for a total value of $207,386.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,458 shares of company stock worth $7,747,114. 22.90% of the stock is owned by insiders.

McCormick & Company, Incorporated Company Profile

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