Weather Gauge Advisory LLC lowered its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,195 shares of the company’s stock after selling 93 shares during the quarter. MCCORMICK & CO /SH makes up 3.2% of Weather Gauge Advisory LLC’s investment portfolio, making the stock its 5th largest holding. Weather Gauge Advisory LLC’s holdings in MCCORMICK & CO /SH were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sciencast Management LP boosted its position in MCCORMICK & CO /SH by 817.1% during the 1st quarter. Sciencast Management LP now owns 16,050 shares of the company’s stock worth $2,447,000 after acquiring an additional 14,300 shares during the period. Retirement Systems of Alabama boosted its position in MCCORMICK & CO /SH by 191.2% during the 1st quarter. Retirement Systems of Alabama now owns 162,889 shares of the company’s stock worth $24,536,000 after acquiring an additional 106,959 shares during the period. Louisiana State Employees Retirement System boosted its position in MCCORMICK & CO /SH by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the company’s stock worth $979,000 after acquiring an additional 100 shares during the period. Portland Global Advisors LLC boosted its position in MCCORMICK & CO /SH by 10.3% during the 1st quarter. Portland Global Advisors LLC now owns 12,387 shares of the company’s stock worth $1,866,000 after acquiring an additional 1,160 shares during the period. Finally, Profit Investment Management LLC acquired a new stake in MCCORMICK & CO /SH during the 1st quarter worth about $1,700,000. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on MKC. Zacks Investment Research lowered MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Jefferies Financial Group restated a “buy” rating and set a $150.00 price objective on shares of MCCORMICK & CO /SH in a research report on Tuesday, March 26th. Credit Suisse Group set a $108.00 price objective on MCCORMICK & CO /SH and gave the stock a “buy” rating in a research report on Thursday, December 20th. Deutsche Bank upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Consumer Edge upgraded MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 25th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $132.57.

Shares of MCCORMICK & CO /SH stock traded up $1.12 during trading on Monday, hitting $154.98. 634,913 shares of the stock traded hands, compared to its average volume of 1,352,214. The firm has a market cap of $20.40 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 3.25 and a beta of 0.26. 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 NV has a twelve month low of $99.53 and a twelve month high of $156.00.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results 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 business 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 revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. As a group, equities research analysts predict that MCCORMICK & CO /SH NV will post 5.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $2.28 annualized dividend and a dividend yield of 1.47%. MCCORMICK & CO /SH’s dividend payout ratio is 45.88%.

In other 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 available through this link. Also, major shareholder Alan D. Wilson sold 94,400 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $151.47, for a total value of $14,298,768.00. Following the sale, the insider now owns 206,553 shares of the company’s stock, valued at $31,286,582.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,600 shares of company stock valued at $28,320,076. 11.00% of the stock is owned by corporate insiders.

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About MCCORMICK & CO /SH

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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