Commerzbank Aktiengesellschaft FI grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 37.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,722 shares of the company’s stock after acquiring an additional 5,326 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in McCormick & Company, Incorporated were worth $2,024,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 136.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock valued at $154,000 after purchasing an additional 866 shares during the period. Dupont Capital Management Corp acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $173,000. YorkBridge Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $174,000. BlueMountain Capital Management LLC lifted its stake in shares of McCormick & Company, Incorporated by 1,600.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after purchasing an additional 1,616 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of McCormick & Company, Incorporated by 28.4% in the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after purchasing an additional 395 shares during the period. 76.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Jefferies Group set a $120.00 price objective on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Monday, October 30th. Stifel Nicolaus restated a “hold” rating and set a $103.00 price objective (up from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Citigroup upped their price objective on shares of McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Finally, Credit Suisse Group restated a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of McCormick & Company, Incorporated in a research report on Friday, September 29th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $106.00.

In other McCormick & Company, Incorporated news, Director Freeman A. Hrabowski III sold 3,000 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $98.68, for a total transaction of $296,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 2,500 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total transaction of $240,650.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is currently owned by insiders.

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded down $1.52 on Wednesday, hitting $102.96. 1,012,400 shares of the company were exchanged, compared to its average volume of 890,823. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. McCormick & Company, Incorporated has a 12-month low of $89.26 and a 12-month high of $106.50. The stock has a market capitalization of $13,686.57, a price-to-earnings ratio of 26.32, a P/E/G ratio of 2.38 and a beta of 0.53.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, December 28th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 51.93%.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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