Mn Services Vermogensbeheer B.V. Reduces Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Mn Services Vermogensbeheer B.V. lessened its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,390 shares of the company’s stock after selling 2,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in McCormick & Company, Incorporated were worth $7,933,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its stake in shares of McCormick & Company, Incorporated by 12.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,121 shares of the company’s stock valued at $1,080,000 after purchasing an additional 1,407 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in McCormick & Company, Incorporated by 0.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 117,400 shares of the company’s stock valued at $9,662,000 after buying an additional 839 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in McCormick & Company, Incorporated by 409.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 106,800 shares of the company’s stock valued at $8,790,000 after buying an additional 85,835 shares during the last quarter. Van ECK Associates Corp boosted its stake in McCormick & Company, Incorporated by 7.2% during the third quarter. Van ECK Associates Corp now owns 6,964 shares of the company’s stock worth $553,000 after buying an additional 465 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter valued at about $20,227,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $78.83 on Wednesday. The business has a 50-day simple moving average of $81.08 and a 200-day simple moving average of $76.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. McCormick & Company, Incorporated has a one year low of $63.67 and a one year high of $85.49. The company has a market cap of $21.15 billion, a PE ratio of 26.81, a P/E/G ratio of 3.60 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, October 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 57.14%.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $78.33, for a total transaction of $391,650.00. Following the sale, the director now owns 28,217 shares of the company’s stock, valued at approximately $2,210,237.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

MKC has been the topic of several recent analyst reports. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. Bank of America lifted their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen increased their target price on McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their target price on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus price target of $79.57.

About McCormick & Company, Incorporated

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.