Vaughan David Investments LLC IL trimmed its holdings in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 205,565 shares of the company’s stock after selling 168 shares during the period. MCCORMICK & CO /SH makes up approximately 1.3% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 19th largest holding. Vaughan David Investments LLC IL’s holdings in MCCORMICK & CO /SH were worth $30,964,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Fruth Investment Management grew its holdings in MCCORMICK & CO /SH by 1.8% during the first quarter. Fruth Investment Management now owns 21,465 shares of the company’s stock worth $3,233,000 after acquiring an additional 375 shares during the period. Pratt Collard Advisory Partners LLC grew its holdings in MCCORMICK & CO /SH by 24.3% during the first quarter. Pratt Collard Advisory Partners LLC now owns 2,120 shares of the company’s stock worth $319,000 after acquiring an additional 415 shares during the period. Prudential PLC grew its holdings in MCCORMICK & CO /SH by 66.7% during the fourth quarter. Prudential PLC now owns 9,334 shares of the company’s stock worth $1,300,000 after acquiring an additional 3,734 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in MCCORMICK & CO /SH during the fourth quarter worth about $448,000. Finally, McCollum Christoferson Group LLC grew its holdings in MCCORMICK & CO /SH by 0.5% during the first quarter. McCollum Christoferson Group LLC now owns 35,836 shares of the company’s stock worth $5,398,000 after acquiring an additional 173 shares during the period. 80.43% of the stock is currently owned by institutional investors.

MKC traded up $1.27 during trading on Wednesday, reaching $155.00. The company had a trading volume of 3,006 shares, compared to its average volume of 1,199,288. MCCORMICK & CO /SH NV has a 12-month low of $99.53 and a 12-month high of $157.00. The stock has a market capitalization of $20.47 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.68 and a beta of 0.26. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.21.

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. On average, 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 was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was 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 related news, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $140.00, for a total value of $12,600,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alan D. Wilson sold 94,400 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 206,553 shares in the company, valued at $31,286,582.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,600 shares of company stock valued at $28,628,076. 11.00% of the stock is owned by corporate insiders.

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

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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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