Dearborn Partners LLC increased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 109.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,454 shares of the company’s stock after purchasing an additional 53,061 shares during the period. Dearborn Partners LLC owned approximately 0.08% of McCormick & Company, Incorporated worth $10,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MKC. Stifel Financial Corp grew its position in McCormick & Company, Incorporated by 12.8% in the third quarter. Stifel Financial Corp now owns 226,214 shares of the company’s stock valued at $23,200,000 after acquiring an additional 25,725 shares during the last quarter. Tredje AP fonden grew its position in McCormick & Company, Incorporated by 17.9% in the third quarter. Tredje AP fonden now owns 13,900 shares of the company’s stock valued at $1,427,000 after acquiring an additional 2,110 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in McCormick & Company, Incorporated by 37.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 19,722 shares of the company’s stock valued at $2,024,000 after acquiring an additional 5,326 shares during the last quarter. KBC Group NV grew its position in McCormick & Company, Incorporated by 289.4% in the third quarter. KBC Group NV now owns 41,216 shares of the company’s stock valued at $4,230,000 after acquiring an additional 30,631 shares during the last quarter. Finally, Hartford Investment Management Co. grew its position in McCormick & Company, Incorporated by 2.3% in the third quarter. Hartford Investment Management Co. now owns 41,269 shares of the company’s stock valued at $4,236,000 after acquiring an additional 925 shares during the last quarter. Institutional investors own 76.25% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) traded up $0.67 during trading on Monday, hitting $102.85. The company had a trading volume of 924,700 shares, compared to its average volume of 889,941. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95. The firm has a market capitalization of $13,473.04, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.34 and a beta of 0.53. McCormick & Company, Incorporated has a one year low of $88.79 and a one year high of $106.50.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.52 dividend. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 28th. McCormick & Company, Incorporated’s payout ratio is currently 51.93%.

A number of research analysts have issued reports on MKC shares. Zacks Investment Research cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Jefferies Group reissued a “buy” rating and set a $110.00 price target on shares of McCormick & Company, Incorporated in a research note on Thursday, August 31st. Credit Suisse Group lifted their price target on McCormick & Company, Incorporated from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, September 18th. Finally, Citigroup lifted their price target on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average price target of $106.00.

In related news, Director Maritza Gomez Montiel sold 2,500 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael R. Smith sold 5,500 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the completion of the transaction, the vice president now directly owns 19,248 shares in the company, valued at $1,974,844.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,000 shares of company stock worth $1,598,490. 15.30% of the stock is owned by insiders.

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About McCormick & Company, Incorporated

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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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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