Boston Trust Walden Corp Has $50.04 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Boston Trust Walden Corp lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 656,337 shares of the company’s stock after acquiring an additional 18,346 shares during the quarter. Boston Trust Walden Corp owned approximately 0.24% of McCormick & Company, Incorporated worth $50,039,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $28,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at approximately $33,000. Rosenberg Matthew Hamilton bought a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at $38,000. Kennebec Savings Bank acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth $40,000. Finally, Friedenthal Financial bought a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $49,000. Institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling

In other news, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $77.34, for a total transaction of $386,700.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at $2,182,302.78. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MKC has been the topic of several recent research reports. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 24th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Moderate Buy” and a consensus price target of $83.75.

McCormick & Company, Incorporated Trading Up 1.0 %

Shares of MKC stock opened at $78.03 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.67 and a beta of 0.75. McCormick & Company, Incorporated has a 52-week low of $64.33 and a 52-week high of $85.49. The company has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $78.25.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 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. Investors of record on Monday, December 30th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 annualized dividend and a yield of 2.31%. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.43%.

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.