McCormick & Company, Incorporated (MKC) Shares Bought by Security National Bank of SO Dak

Security National Bank of SO Dak grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,219 shares of the company’s stock after purchasing an additional 114 shares during the quarter. Security National Bank of SO Dak’s holdings in McCormick & Company, were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in McCormick & Company, by 1.2% during the second quarter. Swiss National Bank now owns 913,348 shares of the company’s stock worth $89,061,000 after purchasing an additional 10,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in McCormick & Company, by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock worth $2,949,000 after purchasing an additional 4,044 shares in the last quarter. US Bancorp DE raised its holdings in McCormick & Company, by 1.1% during the second quarter. US Bancorp DE now owns 67,180 shares of the company’s stock worth $6,550,000 after purchasing an additional 723 shares in the last quarter. Horizon Investments LLC acquired a new stake in McCormick & Company, during the second quarter worth approximately $524,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in McCormick & Company, during the first quarter worth approximately $572,000. 72.74% of the stock is currently owned by institutional investors.

MKC has been the topic of a number of research analyst reports. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $110.00 in a report on Friday, July 28th. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, August 29th. Finally, BidaskClub raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.50.

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

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded up 0.48% during trading on Tuesday, hitting $97.29. 198,186 shares of the stock were exchanged. The stock has a market cap of $12.12 billion, a PE ratio of 25.84 and a beta of 0.53. The stock’s 50 day moving average price is $97.47 and its 200 day moving average price is $98.80. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50.

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

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

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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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