Bradley Foster & Sargent Inc. CT Raises Holdings in McCormick & Company, Incorporated (MKC)

Bradley Foster & Sargent Inc. CT raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 196,166 shares of the company’s stock after purchasing an additional 9,526 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in McCormick & Company, Incorporated were worth $19,991,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of McCormick & Company, Incorporated by 24.3% during the 2nd quarter. Toronto Dominion Bank now owns 39,362 shares of the company’s stock valued at $3,838,000 after buying an additional 7,684 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of McCormick & Company, Incorporated by 81.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock valued at $167,208,000 after purchasing an additional 733,375 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $930,000. Oppenheimer & Co. Inc. lifted its stake in shares of McCormick & Company, Incorporated by 4.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,323 shares of the company’s stock valued at $4,241,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Bath Savings Trust Co lifted its stake in shares of McCormick & Company, Incorporated by 4.2% in the 4th quarter. Bath Savings Trust Co now owns 92,744 shares of the company’s stock valued at $9,452,000 after purchasing an additional 3,740 shares during the last quarter. 76.27% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Zacks Investment Research raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Jefferies Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of McCormick & Company, Incorporated in a research note on Thursday, January 25th. Deutsche Bank lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and reduced their price objective for the company from $103.00 to $98.00 in a research note on Friday, January 19th. Finally, Stifel Nicolaus lifted their price objective on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $107.56.

In related news, Director Patricia A. Little sold 6,250 shares of McCormick & Company, Incorporated stock in a transaction on Monday, January 29th. The shares were sold at an average price of $108.63, for a total value of $678,937.50. Following the transaction, the director now owns 15,497 shares in the company, valued at approximately $1,683,439.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael R. Smith sold 2,575 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total transaction of $277,997.00. Following the completion of the transaction, the vice president now owns 17,312 shares in the company, valued at approximately $1,869,003.52. The disclosure for this sale can be found here. Company insiders own 15.30% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE:MKC) opened at $102.66 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.73. McCormick & Company, Incorporated has a 52 week low of $90.25 and a 52 week high of $109.67. The stock has a market cap of $13,311.09, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.22 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 25th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.52 by $0.02. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. McCormick & Company, Incorporated had a net margin of 9.88% and a return on equity of 25.30%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. research analysts forecast that McCormick & Company, Incorporated will post 4.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 56.22%.

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About McCormick & Company, Incorporated

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, Incorporated (NYSE:MKC)

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