Sii Investments Inc. WI maintained its position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,435 shares of the company’s stock at the close of the 2nd quarter. Sii Investments Inc. WI’s holdings in McCormick & Company, were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in shares of McCormick & Company, during the first quarter valued at approximately $135,000. Harfst & Associates Inc. bought a new stake in shares of McCormick & Company, during the first quarter valued at approximately $139,000. Van ECK Associates Corp raised its stake in shares of McCormick & Company, by 6.9% during the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after acquiring an additional 109 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in shares of McCormick & Company, by 1,600.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after acquiring an additional 1,616 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of McCormick & Company, by 28.4% during the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after acquiring an additional 395 shares in the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of McCormick & Company, in a research note on Thursday, July 27th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $108.00 price target on shares of McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price target (up previously from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.00.

McCormick & Company, Incorporated (MKC) opened at 98.18 on Friday. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The company has a market cap of $12.23 billion, a P/E ratio of 26.08 and a beta of 0.53. The company has a 50-day moving average of $97.45 and a 200-day moving average of $98.87.

McCormick & Company, (NYSE:MKC) last released its earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (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, had a net margin of 10.05% and a return on equity of 26.09%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. On average, equities research analysts predict that McCormick & Company, Incorporated will post $4.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.88 dividend on an annualized basis and a yield of 1.91%. McCormick & Company,’s dividend payout ratio (DPR) is presently 51.93%.

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In other McCormick & Company, news, 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 sale, the vice president now directly owns 19,248 shares in the company, valued at approximately $1,974,844.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 15.30% of the stock is owned by corporate insiders.

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.

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

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