Trexquant Investment LP acquired a new position in McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,400 shares of the company’s stock, valued at approximately $429,000.

Several other large investors have also modified their holdings of MKC. Cleararc Capital Inc. increased its stake in shares of McCormick & Company, by 0.3% in the first quarter. Cleararc Capital Inc. now owns 2,797 shares of the company’s stock worth $273,000 after buying an additional 9 shares during the period. HM Capital Management LLC increased 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 buying an additional 17 shares during the period. Regentatlantic Capital LLC increased its stake in shares of McCormick & Company, by 0.6% in the first quarter. Regentatlantic Capital LLC now owns 3,196 shares of the company’s stock worth $312,000 after buying an additional 20 shares during the period. Mission Wealth Management LLC increased its stake in shares of McCormick & Company, by 0.9% in the first quarter. Mission Wealth Management LLC now owns 2,340 shares of the company’s stock worth $228,000 after buying an additional 22 shares during the period. Finally, Ironwood Investment Management LLC increased 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 buying an additional 25 shares during the period. Institutional investors own 73.69% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) opened at 98.03 on Tuesday. The stock’s 50 day moving average is $95.89 and its 200 day moving average is $99.07. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of 26.04 and a beta of 0.52. McCormick & Company, Incorporated has a 12-month low of $88.64 and a 12-month high of $106.50.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. McCormick & Company,’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts predict that McCormick & Company, Incorporated will post $4.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were issued a $0.47 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.92%. McCormick & Company,’s dividend payout ratio is currently 49.87%.

COPYRIGHT VIOLATION NOTICE: “Trexquant Investment LP Acquires New Position in McCormick & Company, Incorporated (NYSE:MKC)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/trexquant-investment-lp-acquires-new-position-in-mccormick-company-incorporated-nysemkc/1489272.html.

A number of research analysts recently commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 target price on shares of McCormick & Company, in a research note on Friday, May 19th. Edward Jones raised 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 objective on McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Monday, June 19th. Finally, BidaskClub cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $104.00.

About McCormick & Company,

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.

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated (NYSE:MKC).

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

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.