Certior Financial Group LLC Acquires Shares of 3,140 McCormick & Company, Incorporated (NYSE:MKC)

Certior Financial Group LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,140 shares of the company’s stock, valued at approximately $239,000.

A number of other large investors have also recently made changes to their positions in MKC. Curio Wealth LLC bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth about $30,000. Albion Financial Group UT purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $33,000. Twin Tree Management LP purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth $33,000. Lee Danner & Bass Inc. bought a new stake in McCormick & Company, Incorporated during the fourth quarter valued at approximately $37,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth $38,000. 79.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, VP Gregory Repas sold 2,750 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.42, for a total transaction of $223,905.00. Following the transaction, the vice president now directly owns 2,266 shares of the company’s stock, valued at approximately $184,497.72. This trade represents a 54.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total value of $4,090,500.00. Following the sale, the director now directly owns 247,437 shares of the company’s stock, valued at approximately $20,242,820.97. This represents a 16.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,842 shares of company stock valued at $6,478,332 in the last ninety days. Insiders own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MKC shares. Argus lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $91.00 in a report on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Finally, Barclays cut their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.14.

McCormick & Company, Incorporated Stock Performance

MKC opened at $76.36 on Monday. The firm has a market capitalization of $20.48 billion, a PE ratio of 26.06, a PEG ratio of 3.76 and a beta of 0.75. The firm’s 50-day moving average price is $79.91 and its 200 day moving average price is $78.69. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. As a group, sell-side analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, April 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.36%. McCormick & Company, Incorporated’s payout ratio is 61.86%.

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.