Moors & Cabot Inc. acquired a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,299 shares of the company’s stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKC. Rowland & Co. Investment Counsel ADV raised its holdings in shares of McCormick & Company, Incorporated by 0.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,148 shares of the company’s stock worth $308,000 after acquiring an additional 11 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in shares of McCormick & Company, Incorporated by 0.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,727 shares of the company’s stock worth $1,339,000 after acquiring an additional 37 shares during the last quarter. HM Payson & Co. raised its holdings in shares of McCormick & Company, Incorporated by 1.7% in the 2nd quarter. HM Payson & Co. now owns 2,631 shares of the company’s stock worth $257,000 after acquiring an additional 44 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of McCormick & Company, Incorporated by 1.3% in the 2nd quarter. Twin Tree Management LP now owns 3,495 shares of the company’s stock worth $341,000 after acquiring an additional 44 shares during the last quarter. Finally, Elkhorn Investments LLC raised its holdings in shares of McCormick & Company, Incorporated by 0.4% in the 2nd quarter. Elkhorn Investments LLC now owns 12,448 shares of the company’s stock worth $1,176,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the completion of the sale, the director now directly owns 18,825 shares of the company’s stock, valued at $1,873,087.50. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock valued at $1,598,490 over the last ninety days. 15.30% of the stock is currently owned by insiders.

Shares of McCormick & Company, Incorporated (MKC) opened at $101.43 on Friday. McCormick & Company, Incorporated has a 52-week low of $89.65 and a 52-week high of $106.50. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. The stock has a market cap of $13,131.14, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. McCormick & Company, Incorporated had a net margin of 10.05% and a return on equity of 26.09%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. equities analysts predict that McCormick & Company, Incorporated will post 4.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.05%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 28th. McCormick & Company, Incorporated’s dividend payout ratio is presently 51.93%.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a $115.00 target price on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Jefferies Group set a $120.00 target price on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Monday, October 30th. Stifel Nicolaus restated a “hold” rating and issued a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Finally, Citigroup upped their target price on shares of McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $106.67.

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McCormick & Company, Incorporated Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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