Eurizon Capital SGR S.p.A. Takes Position in McCormick & Company, Incorporated $MKC

Eurizon Capital SGR S.p.A. bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 71,674 shares of the company’s stock, valued at approximately $4,883,000.

Several other institutional investors have also recently made changes to their positions in the company. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $830,000. EagleClaw Capital Managment LLC increased its holdings in shares of McCormick & Company, Incorporated by 5.3% during the 4th quarter. EagleClaw Capital Managment LLC now owns 38,195 shares of the company’s stock valued at $2,601,000 after purchasing an additional 1,925 shares in the last quarter. Connecticut Capital Management Group LLC purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at approximately $250,000. Geode Capital Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after purchasing an additional 59,587 shares in the last quarter. Finally, PGGM Investments increased its holdings in shares of McCormick & Company, Incorporated by 10.2% during the 4th quarter. PGGM Investments now owns 746,607 shares of the company’s stock valued at $50,851,000 after purchasing an additional 69,034 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of the stock in a transaction on Friday, April 10th. The shares were bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the purchase, the director directly owned 2,906 shares in the company, valued at $153,959.88. This trade represents a 220.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.60% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $46.54 on Tuesday. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $78.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.76. The firm has a fifty day moving average of $49.97 and a 200 day moving average of $60.38. The firm has a market cap of $12.51 billion, a PE ratio of 7.63, a PEG ratio of 2.32 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, April 20th. McCormick & Company, Incorporated’s payout ratio is 31.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Monday, April 27th. HSBC cut their target price on shares of McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a report on Thursday, March 26th. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Jefferies Financial Group dropped their price target on shares of McCormick & Company, Incorporated from $81.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.27.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.