Dempze Nancy E Has $677,000 Stake in McCormick & Company, Incorporated $MKC

Dempze Nancy E decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 72.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,945 shares of the company’s stock after selling 26,775 shares during the quarter. Dempze Nancy E’s holdings in McCormick & Company, Incorporated were worth $677,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators boosted its stake in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. GoalVest Advisory LLC bought a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $28,000. Zions Bancorporation National Association UT boosted its stake in McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its stake in McCormick & Company, Incorporated by 42.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $47.15 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.76. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $78.16. The firm’s 50 day moving average price is $49.17 and its two-hundred day moving average price is $58.94. The firm has a market cap of $12.67 billion, a P/E ratio of 7.73, a PEG ratio of 2.37 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. On average, analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Gavin Hattersley purchased 2,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares in the company, valued at $153,959.88. This represents a 220.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MKC shares. Barclays reduced their price objective on shares of McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Sanford C. Bernstein reduced their price objective on shares of McCormick & Company, Incorporated from $85.00 to $77.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. BTIG Research started coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Stifel Nicolaus reduced their price objective on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.90.

McCormick & Company, Incorporated 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.