McCormick & Company, Incorporated (NYSE:MKC) Director Maritza Gomez Montiel sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total transaction of $240,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

McCormick & Company, Incorporated (MKC) traded down $2.09 during trading hours on Thursday, reaching $96.49. 799,100 shares of the company traded hands, compared to its average volume of 881,001. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. McCormick & Company, Incorporated has a twelve month low of $88.64 and a twelve month high of $106.50. The firm has a market cap of $12,913.68, a P/E ratio of 24.83, a PEG ratio of 2.50 and a beta of 0.53.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.88 annualized dividend and a yield of 1.95%. McCormick & Company,’s dividend payout ratio is presently 51.93%.

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Large investors have recently bought and sold shares of the stock. Zions Bancorporation boosted its position in McCormick & Company, by 5,071.4% during the 3rd quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock worth $111,000 after buying an additional 1,065 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in McCormick & Company, by 136.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after buying an additional 866 shares during the period. BlueMountain Capital Management LLC boosted its position in McCormick & Company, by 1,600.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after buying an additional 1,616 shares during the period. Dupont Capital Management Corp acquired a new stake in McCormick & Company, during the 3rd quarter worth approximately $173,000. Finally, IFP Advisors Inc boosted its position in McCormick & Company, by 28.4% during the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after buying an additional 395 shares during the period. Institutional investors and hedge funds own 69.38% of the company’s stock.

A number of equities research analysts have recently weighed in on MKC shares. Jefferies Group LLC restated a “hold” rating and issued a $95.00 price target on shares of McCormick & Company, in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Credit Suisse Group raised their price target on shares of McCormick & Company, from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, September 18th. Finally, Citigroup Inc. raised their price target on shares of McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $106.00.

McCormick & Company, Company 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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