Axa increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,393 shares of the company’s stock after purchasing an additional 1,593 shares during the period. Axa owned 0.08% of McCormick & Company, Incorporated worth $10,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of McCormick & Company, Incorporated by 24.3% during the 2nd quarter. Toronto Dominion Bank now owns 39,362 shares of the company’s stock worth $3,838,000 after purchasing an additional 7,684 shares during the last quarter. Swiss National Bank raised its position in shares of McCormick & Company, Incorporated by 1.2% during the 2nd quarter. Swiss National Bank now owns 913,348 shares of the company’s stock worth $89,061,000 after purchasing an additional 10,800 shares during the last quarter. Twin Capital Management Inc. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth about $930,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of McCormick & Company, Incorporated by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock worth $2,949,000 after purchasing an additional 4,044 shares during the last quarter. Finally, Trillium Asset Management LLC raised its position in shares of McCormick & Company, Incorporated by 12.2% during the 3rd quarter. Trillium Asset Management LLC now owns 253,788 shares of the company’s stock worth $26,049,000 after purchasing an additional 27,677 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

In other news, Director Maritza Gomez Montiel sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Smith sold 5,500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the sale, the vice president now directly owns 19,248 shares of the company’s stock, valued at approximately $1,974,844.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,000 shares of company stock valued at $1,598,490. Corporate insiders own 15.30% of the company’s stock.

Shares of McCormick & Company, Incorporated (MKC) opened at $101.40 on Thursday. The company has a market cap of $13,305.36, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company has a quick ratio of 0.47, a current ratio of 0.95 and a debt-to-equity ratio of 1.86. McCormick & Company, Incorporated has a 1-year low of $89.65 and a 1-year high of $106.50.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.52 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.08 annualized dividend and a dividend yield of 2.05%. McCormick & Company, Incorporated’s dividend payout ratio is 51.93%.

MKC has been the subject of a number of recent research reports. Credit Suisse Group reiterated a “buy” rating and issued a $115.00 price objective (up previously from $112.00) on shares of McCormick & Company, Incorporated in a report on Friday, September 29th. Zacks Investment Research upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Monday, October 2nd. BidaskClub upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group reiterated a “buy” rating and issued a $110.00 price objective on shares of McCormick & Company, Incorporated in a report on Thursday, August 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up previously from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $106.67.

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McCormick & Company, Incorporated 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.

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

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