Capstone Triton Financial Group LLC Has $739,000 Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Capstone Triton Financial Group LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,423 shares of the company’s stock after purchasing an additional 276 shares during the period. Capstone Triton Financial Group LLC’s holdings in McCormick & Company, Incorporated were worth $739,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKC. Ameritas Investment Partners Inc. raised its stake in McCormick & Company, Incorporated by 2.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 43,291 shares of the company’s stock valued at $3,071,000 after purchasing an additional 1,177 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of McCormick & Company, Incorporated by 11.2% during the second quarter. Thrivent Financial for Lutherans now owns 13,353 shares of the company’s stock valued at $947,000 after buying an additional 1,349 shares in the last quarter. Sei Investments Co. raised its position in McCormick & Company, Incorporated by 2.6% during the second quarter. Sei Investments Co. now owns 159,586 shares of the company’s stock valued at $11,321,000 after buying an additional 3,992 shares during the period. Pacer Advisors Inc. lifted its stake in McCormick & Company, Incorporated by 45.5% in the 2nd quarter. Pacer Advisors Inc. now owns 24,723 shares of the company’s stock worth $1,754,000 after acquiring an additional 7,730 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in McCormick & Company, Incorporated by 1.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 54,141 shares of the company’s stock worth $3,841,000 after acquiring an additional 900 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Down 0.4 %

NYSE:MKC opened at $82.99 on Friday. The company has a market capitalization of $22.29 billion, a P/E ratio of 30.29, a P/E/G ratio of 4.26 and a beta of 0.76. The stock’s 50 day moving average price is $78.70 and its 200 day moving average price is $74.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.31 and a current ratio of 0.69. McCormick & Company, Incorporated has a 52 week low of $59.13 and a 52 week high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 27th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.59 by $0.10. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $0.60 EPS. McCormick & Company, Incorporated’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.68 annualized dividend and a yield of 2.02%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 61.31%.

Insiders Place Their Bets

In other news, Director Lawrence Erik Kurzius sold 25,000 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the director now owns 199,258 shares of the company’s stock, valued at approximately $14,944,350. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MKC. Citigroup raised McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and lifted their target price for the company from $68.00 to $69.00 in a research note on Wednesday, June 12th. Bank of America boosted their price objective on shares of McCormick & Company, Incorporated from $86.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD Cowen dropped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.38.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.