CENTRAL TRUST Co raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 17.7% during the second quarter, Holdings Channel reports. The fund owned 4,800 shares of the company’s stock after buying an additional 722 shares during the period. CENTRAL TRUST Co’s holdings in McCormick & Company, were worth $468,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MKC. FNY Managed Accounts LLC acquired a new stake in McCormick & Company, during the first quarter valued at about $135,000. Harfst & Associates Inc. acquired a new stake in McCormick & Company, during the first quarter valued at about $139,000. Van ECK Associates Corp raised its stake in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after buying an additional 109 shares during the last quarter. Pacer Advisors Inc. raised its stake in McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock valued at $195,000 after buying an additional 66 shares during the last quarter. Finally, Charter Trust Co. acquired a new stake in McCormick & Company, during the first quarter valued at about $202,000. 73.61% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated (NYSE:MKC) opened at 97.67 on Monday. The firm’s 50-day moving average is $102.31 and its 200-day moving average is $98.43. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 25.94 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts forecast that McCormick & Company, Incorporated will post $4.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, July 6th. McCormick & Company,’s dividend payout ratio (DPR) is presently 49.87%.

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Several equities research analysts recently issued reports on MKC shares. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Monday, June 19th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, April 6th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price objective on shares of McCormick & Company, in a research note on Friday, May 19th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $102.33.

In other news, Director Maritza Gomez Montiel acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average price of $99.62 per share, with a total value of $249,050.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $249,050. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.30% of the company’s stock.

About McCormick & Company,

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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