Mason Street Advisors LLC boosted its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 17,491 shares of the company’s stock after purchasing an additional 324 shares during the period. Mason Street Advisors LLC’s holdings in MCCORMICK & CO /SH were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Private Ocean LLC bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $27,000. O Shaughnessy Asset Management LLC bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth $26,000. Winthrop Partners WNY LLC bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth $28,000. JNBA Financial Advisors bought a new position in shares of MCCORMICK & CO /SH in the fourth quarter worth $28,000. Finally, Winslow Evans & Crocker Inc. bought a new position in shares of MCCORMICK & CO /SH in the first quarter worth $36,000. 80.43% of the stock is owned by institutional investors and hedge funds.

NYSE:MKC opened at $153.73 on Wednesday. The firm has a market cap of $20.47 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 3.68 and a beta of 0.26. MCCORMICK & CO /SH NV has a 52-week low of $99.53 and a 52-week high of $157.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.78 and a quick ratio of 0.34.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. MCCORMICK & CO /SH had a return on equity of 21.41% and a net margin of 12.19%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Equities research analysts anticipate that MCCORMICK & CO /SH NV will post 5.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, April 5th. MCCORMICK & CO /SH’s dividend payout ratio is 45.88%.

In other MCCORMICK & CO /SH news, major shareholder Alan D. Wilson sold 90,000 shares of MCCORMICK & CO /SH stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $140.00, for a total transaction of $12,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alan D. Wilson sold 94,400 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $151.47, for a total value of $14,298,768.00. Following the sale, the insider now directly owns 206,553 shares of the company’s stock, valued at approximately $31,286,582.91. The disclosure for this sale can be found here. Insiders have sold 195,600 shares of company stock valued at $28,628,076 in the last three months. 11.00% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Tuesday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Tuesday, March 26th. Deutsche Bank raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Consumer Edge raised MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 25th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $132.57.

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MCCORMICK & CO /SH Company 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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