McCormick & Company, Incorporated (MKC) Shares Bought by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,727 shares of the company’s stock after acquiring an additional 37 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in McCormick & Company, were worth $1,339,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in shares of McCormick & Company, during the first quarter worth about $135,000. Harfst & Associates Inc. purchased a new stake in shares of McCormick & Company, during the first quarter worth about $139,000. Van ECK Associates Corp grew its stake in shares of McCormick & Company, by 6.9% during the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock worth $165,000 after acquiring an additional 109 shares during the last quarter. BlueMountain Capital Management LLC grew its stake in shares of McCormick & Company, by 1,600.0% during the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after acquiring an additional 1,616 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of McCormick & Company, by 28.4% during the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

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MKC has been the topic of a number of research analyst reports. Jefferies Group LLC set a $115.00 price target on McCormick & Company, and gave the stock a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Monday, October 2nd. Credit Suisse Group restated a “buy” rating and set a $115.00 price target (up previously from $112.00) on shares of McCormick & Company, in a research note on Friday, September 29th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a research report on Friday, June 16th. They issued a “neutral” rating and a $101.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $105.50.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded up 0.48% during midday trading on Tuesday, reaching $97.29. The company had a trading volume of 198,186 shares. The company’s 50 day moving average price is $97.47 and its 200 day moving average price is $98.80. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. The stock has a market capitalization of $12.12 billion, a PE ratio of 25.84 and a beta of 0.53.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Thursday, September 28th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Equities research analysts expect that McCormick & Company, Incorporated will post $4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is 51.93%.

In other McCormick & Company, news, VP Michael R. Smith sold 5,500 shares of McCormick & Company, stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the transaction, the vice president now owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 15.30% of the company’s stock.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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