McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 92.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,479 shares of the company’s stock after acquiring an additional 15,598 shares during the period. Groupama Asset Managment’s holdings in McCormick & Company, Incorporated were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of McCormick & Company, Incorporated by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,024,666 shares of the company’s stock valued at $458,114,000 after buying an additional 137,679 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in McCormick & Company, Incorporated by 8.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,405 shares of the company’s stock valued at $340,000 after acquiring an additional 352 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in McCormick & Company, Incorporated by 2.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,040 shares of the company’s stock valued at $382,000 after acquiring an additional 137 shares during the period. Wellington Management Group LLP grew its holdings in shares of McCormick & Company, Incorporated by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 151,523 shares of the company’s stock valued at $11,552,000 after purchasing an additional 11,795 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $130,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.1 %

McCormick & Company, Incorporated stock opened at $82.22 on Wednesday. The company’s 50-day moving average price is $79.59 and its two-hundred day moving average price is $78.79. The stock has a market cap of $22.05 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week 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 posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $1.61 billion for 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%. McCormick & Company, Incorporated’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.19%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.86%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MKC. Argus lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $91.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus price target of $83.75.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.80% 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.