BNP Paribas Arbitrage SA cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,727 shares of the company’s stock after selling 25,402 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.11% of McCormick & Company, worth $14,752,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. HL Financial Services LLC purchased a new position in shares of McCormick & Company, during the third quarter worth approximately $212,000. Courier Capital LLC purchased a new position in shares of McCormick & Company, during the third quarter worth approximately $3,827,000. FDx Advisors Inc. increased its position in shares of McCormick & Company, by 9.5% during the third quarter. FDx Advisors Inc. now owns 24,613 shares of the company’s stock worth $2,526,000 after acquiring an additional 2,145 shares during the period. Global X MANAGEMENT CO LLC increased its position in shares of McCormick & Company, by 21.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 3,451 shares of the company’s stock worth $354,000 after acquiring an additional 620 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in shares of McCormick & Company, by 28.6% during the third quarter. Candriam Luxembourg S.C.A. now owns 170,664 shares of the company’s stock worth $17,517,000 after acquiring an additional 37,997 shares during the period. 69.38% of the stock is currently owned by institutional investors and hedge funds.

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MKC has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of McCormick & Company, in a research report on Thursday, August 31st. BidaskClub raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Monday, October 2nd. Credit Suisse Group increased their price objective on shares of McCormick & Company, from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, September 18th. Finally, Citigroup Inc. increased their price objective on shares of McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. McCormick & Company, currently has a consensus rating of “Buy” and a consensus target price of $106.00.

In other McCormick & Company, news, VP Michael R. Smith sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.60, for a total value of $564,300.00. Following the completion of the sale, the vice president now directly owns 19,248 shares in the company, valued at $1,974,844.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were 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 owns 18,825 shares of the company’s stock, valued at $1,873,087.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is owned by insiders.

McCormick & Company, Incorporated (NYSE:MKC) opened at $96.96 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50. The stock has a market cap of $12,696.23, a P/E ratio of 24.41, a PEG ratio of 2.45 and a beta of 0.53.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid a $0.47 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.88 annualized dividend and a yield of 1.94%. McCormick & Company,’s dividend payout ratio (DPR) is 51.93%.

McCormick & Company, Company 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, (NYSE:MKC)

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