MCCORMICK & Co/SH SH NV (NYSE:MKC) Director Alan D. Wilson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $125.30, for a total value of $12,530,000.00. Following the completion of the transaction, the director now directly owns 212,894 shares in the company, valued at approximately $26,675,618.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:MKC opened at $126.40 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.42. MCCORMICK & Co/SH SH NV has a 12-month low of $93.70 and a 12-month high of $126.54. The stock has a market cap of $15.88 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57.

MCCORMICK & Co/SH SH NV (NYSE:MKC) last released its earnings results on Thursday, June 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. MCCORMICK & Co/SH SH NV had a return on equity of 21.98% and a net margin of 15.83%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 19.1% on a year-over-year basis. research analysts anticipate that MCCORMICK & Co/SH SH NV will post 4.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 23rd. Investors of record on Monday, July 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, July 6th. MCCORMICK & Co/SH SH NV’s dividend payout ratio is currently 48.83%.

Large investors have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its position in shares of MCCORMICK & Co/SH SH NV by 16.0% during the second quarter. ST Germain D J Co. Inc. now owns 3,015 shares of the company’s stock worth $350,000 after purchasing an additional 415 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in shares of MCCORMICK & Co/SH SH NV by 3.8% during the second quarter. Stock Yards Bank & Trust Co. now owns 104,726 shares of the company’s stock worth $12,157,000 after purchasing an additional 3,835 shares in the last quarter. Amalgamated Bank grew its position in shares of MCCORMICK & Co/SH SH NV by 12.1% during the first quarter. Amalgamated Bank now owns 17,760 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,914 shares in the last quarter. Smithfield Trust Co. grew its position in shares of MCCORMICK & Co/SH SH NV by 219.1% during the second quarter. Smithfield Trust Co. now owns 1,736 shares of the company’s stock worth $202,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of MCCORMICK & Co/SH SH NV by 1,093.3% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 51,314 shares of the company’s stock worth $5,942,000 after purchasing an additional 47,014 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.

Several research firms have recently commented on MKC. ValuEngine raised MCCORMICK & Co/SH SH NV from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research raised MCCORMICK & Co/SH SH NV from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd. Credit Suisse Group raised their price objective on MCCORMICK & Co/SH SH NV from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, June 29th. Citigroup raised their price objective on MCCORMICK & Co/SH SH NV from $114.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Finally, Vertical Group downgraded MCCORMICK & Co/SH SH NV from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $114.25.

MCCORMICK & Co/SH SH NV Company Profile

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

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Insider Buying and Selling by Quarter for MCCORMICK & Co/SH SH NV (NYSE:MKC)

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