Forsta AP Fonden decreased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 35.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,446 shares of the company’s stock after selling 34,241 shares during the period. Forsta AP Fonden owned 0.05% of McCormick & Company, worth $6,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rowland & Co. Investment Counsel ADV boosted its stake in shares of McCormick & Company, by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,148 shares of the company’s stock worth $308,000 after acquiring an additional 11 shares during the period. HM Capital Management LLC boosted its stake in shares of McCormick & Company, by 0.5% in the second quarter. HM Capital Management LLC now owns 3,686 shares of the company’s stock worth $359,000 after acquiring an additional 17 shares during the period. Ironwood Investment Management LLC boosted its stake in shares of McCormick & Company, by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 3,628 shares of the company’s stock worth $354,000 after acquiring an additional 25 shares during the period. OLD National Bancorp IN boosted its stake in shares of McCormick & Company, by 0.9% in the second quarter. OLD National Bancorp IN now owns 4,377 shares of the company’s stock worth $427,000 after acquiring an additional 37 shares during the period. Finally, Security National Bank of Sioux City Iowa IA boosted its stake in McCormick & Company, by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,727 shares of the company’s stock valued at $1,339,000 after buying an additional 37 shares during the last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.

In other McCormick & Company, news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the sale, the director now directly owns 18,825 shares in the company, valued at $1,873,087.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $98.68, for a total value of $296,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,500 shares of company stock worth $1,357,840. Company insiders own 15.30% of the company’s stock.

Shares of McCormick & Company, Incorporated (MKC) opened at $96.87 on Monday. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. 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 stock has a market capitalization of $12,693.61, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.53.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders 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 dividend on an annualized basis and a yield of 1.94%. McCormick & Company,’s dividend payout ratio (DPR) is presently 51.93%.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Jefferies Group LLC reissued a “hold” rating and set a $95.00 price target on shares of McCormick & Company, in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $103.00 price target (up from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Citigroup Inc. increased their price target on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $115.00 price target (up from $112.00) on shares of McCormick & Company, in a research note on Friday, September 29th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $106.00.

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

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