Venture Visionary Partners LLC Sells 991 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Venture Visionary Partners LLC trimmed its position in McCormick & Company, Incorporated (NYSE:MKC) by 22.9% during the third quarter, Holdings Channel reports. The firm owned 3,333 shares of the company’s stock after selling 991 shares during the quarter. Venture Visionary Partners LLC’s holdings in McCormick & Company, Incorporated were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Prio Wealth Limited Partnership raised its holdings in shares of McCormick & Company, Incorporated by 16.1% in the 3rd quarter. Prio Wealth Limited Partnership now owns 7,539 shares of the company’s stock valued at $620,000 after purchasing an additional 1,045 shares during the period. Compass Ion Advisors LLC bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $201,000. Vest Financial LLC raised its holdings in shares of McCormick & Company, Incorporated by 11.9% in the 3rd quarter. Vest Financial LLC now owns 656,940 shares of the company’s stock valued at $54,066,000 after purchasing an additional 69,671 shares during the period. Friedenthal Financial bought a new position in McCormick & Company, Incorporated in the 3rd quarter valued at about $49,000. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in McCormick & Company, Incorporated by 4.4% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 562,908 shares of the company’s stock valued at $46,327,000 after acquiring an additional 23,744 shares during the period. 79.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MKC. Stifel Nicolaus increased their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. TD Cowen increased their price target on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Bank of America increased their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.57.

McCormick & Company, Incorporated Stock Up 0.6 %

Shares of MKC opened at $79.37 on Thursday. McCormick & Company, Incorporated has a 12 month low of $61.12 and a 12 month high of $85.49. The firm’s 50 day moving average is $81.10 and its 200-day moving average is $75.86. The stock has a market capitalization of $21.32 billion, a PE ratio of 28.97, a P/E/G ratio of 3.66 and a beta of 0.77. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.68 by $0.15. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Equities research analysts forecast that McCormick & Company, Incorporated will post 2.92 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.12%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.31%.

About McCormick & Company, Incorporated

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.