Field & Main Bank Purchases 840 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Field & Main Bank boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,140 shares of the company’s stock after buying an additional 840 shares during the period. Field & Main Bank’s holdings in McCormick & Company, Incorporated were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MKC. Wallington Asset Management LLC lifted its stake in McCormick & Company, Incorporated by 3.4% in the 3rd quarter. Wallington Asset Management LLC now owns 4,136 shares of the company’s stock worth $340,000 after purchasing an additional 136 shares in the last quarter. Aurora Investment Counsel raised its stake in McCormick & Company, Incorporated by 2.1% in the third quarter. Aurora Investment Counsel now owns 8,443 shares of the company’s stock valued at $695,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. lifted its position in McCormick & Company, Incorporated by 0.9% during the third quarter. UMB Bank n.a. now owns 20,134 shares of the company’s stock valued at $1,657,000 after purchasing an additional 176 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of McCormick & Company, Incorporated by 0.9% in the 3rd quarter. Ritholtz Wealth Management now owns 19,482 shares of the company’s stock worth $1,603,000 after buying an additional 177 shares during the last quarter. Finally, Apeiron RIA LLC lifted its holdings in shares of McCormick & Company, Incorporated by 3.8% during the 4th quarter. Apeiron RIA LLC now owns 4,803 shares of the company’s stock worth $366,000 after acquiring an additional 178 shares during the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MKC shares. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday. BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus raised their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Moderate Buy” and an average price target of $83.75.

McCormick & Company, Incorporated Stock Down 0.1 %

NYSE MKC traded down $0.09 during trading hours on Wednesday, reaching $76.60. 86,168 shares of the company’s stock traded hands, compared to its average volume of 2,146,161. McCormick & Company, Incorporated has a 52-week low of $64.33 and a 52-week high of $85.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. The firm has a 50-day simple moving average of $76.74 and a 200 day simple moving average of $78.17. The firm has a market cap of $20.56 billion, a PE ratio of 26.07, a PEG ratio of 3.23 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. Sell-side analysts anticipate that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, December 30th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s payout ratio is currently 61.22%.

Insider Buying and Selling

In related news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the completion of the transaction, the director now directly owns 40,436 shares in the company, valued at $3,174,226. The trade was a 11.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 20,000 shares of company stock worth $1,565,850 in the last quarter. Corporate insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.