McCormick & Company, Incorporated (MKC) Holdings Increased by Allegis Investment Advisors LLC

Allegis Investment Advisors LLC boosted its position in McCormick & Company, Incorporated (NYSE:MKC) by 57.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,950 shares of the company’s stock after acquiring an additional 2,162 shares during the period. Allegis Investment Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans boosted its holdings in shares of McCormick & Company, Incorporated by 5.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,941 shares of the company’s stock valued at $481,000 after purchasing an additional 264 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 2.8% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,114 shares of the company’s stock valued at $206,000 after acquiring an additional 58 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of McCormick & Company, Incorporated by 153.3% during the 2nd quarter. Janus Henderson Group PLC now owns 478,259 shares of the company’s stock valued at $46,638,000 after acquiring an additional 289,474 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 2.4% during the 2nd quarter. Nomura Holdings Inc. now owns 36,845 shares of the company’s stock valued at $3,598,000 after acquiring an additional 872 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 8.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 35,374 shares of the company’s stock valued at $3,449,000 after acquiring an additional 2,843 shares in the last quarter. 76.27% of the stock is owned by hedge funds and other institutional investors.

Shares of McCormick & Company, Incorporated (NYSE:MKC) opened at $102.66 on Thursday. The firm has a market cap of $13,311.09, a PE ratio of 27.90, a PEG ratio of 2.22 and a beta of 0.61. McCormick & Company, Incorporated has a 1 year low of $90.25 and a 1 year high of $109.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.83 and a quick ratio of 0.42.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 25th. The company reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.02. The company had revenue of $1.49 billion during 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 company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS. equities research analysts forecast that McCormick & Company, Incorporated will post 4.88 earnings per share for the current fiscal year.

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

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

Several research firms recently weighed in on MKC. Jefferies Group restated a “buy” rating and set a $120.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, January 25th. Credit Suisse Group set a $115.00 price objective on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Tuesday, December 12th. UBS Group boosted their price objective on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their price objective on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Finally, Zacks Investment Research lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. McCormick & Company, Incorporated presently has an average rating of “Hold” and an average target price of $107.56.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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