Mason Street Advisors LLC grew its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,531 shares of the company’s stock after acquiring an additional 67 shares during the period. Mason Street Advisors LLC’s holdings in MCCORMICK & CO /SH were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of MCCORMICK & CO /SH by 1.6% during the second quarter. Vanguard Group Inc. now owns 14,406,576 shares of the company’s stock worth $2,233,164,000 after buying an additional 231,324 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of MCCORMICK & CO /SH by 7.6% in the second quarter. Janus Henderson Group PLC now owns 1,454,501 shares of the company’s stock valued at $225,454,000 after buying an additional 102,387 shares during the period. Invesco Ltd. boosted its holdings in shares of MCCORMICK & CO /SH by 53.2% in the second quarter. Invesco Ltd. now owns 1,404,090 shares of the company’s stock valued at $217,649,000 after buying an additional 487,834 shares during the period. California Public Employees Retirement System boosted its holdings in shares of MCCORMICK & CO /SH by 8.6% in the third quarter. California Public Employees Retirement System now owns 998,594 shares of the company’s stock valued at $156,080,000 after buying an additional 79,141 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of MCCORMICK & CO /SH by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 932,891 shares of the company’s stock valued at $144,608,000 after buying an additional 55,753 shares during the period. 79.99% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on MKC shares. Credit Suisse Group upped their price target on shares of MCCORMICK & CO /SH from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut shares of MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $154.00 to $150.00 in a report on Tuesday, August 20th. Finally, ValuEngine cut shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $154.86.

In other news, Director Michael Aaron Conway sold 5,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $168.59, for a total value of $842,950.00. Following the transaction, the director now directly owns 9,501 shares of the company’s stock, valued at $1,601,773.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Malcolm Swift sold 27,200 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $169.28, for a total transaction of $4,604,416.00. Following the completion of the transaction, the insider now directly owns 50,039 shares in the company, valued at $8,470,601.92. The disclosure for this sale can be found here. Insiders have sold 39,902 shares of company stock worth $6,725,405 over the last ninety days. Insiders own 11.00% of the company’s stock.

Shares of MCCORMICK & CO /SH stock traded down $0.54 on Thursday, hitting $163.12. The company had a trading volume of 39,630 shares, compared to its average volume of 571,719. The firm has a market capitalization of $21.32 billion, a P/E ratio of 32.82, a P/E/G ratio of 3.73 and a beta of 0.13. MCCORMICK & CO /SH NV has a twelve month low of $119.00 and a twelve month high of $171.10. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.78 and a quick ratio of 0.37. The stock has a 50-day moving average of $161.92 and a 200-day moving average of $159.31.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings results on Tuesday, October 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.17. MCCORMICK & CO /SH had a net margin of 13.12% and a return on equity of 21.63%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that MCCORMICK & CO /SH NV will post 5.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, October 4th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is currently 45.88%.

MCCORMICK & CO /SH Profile

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

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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