Personal Capital Advisors Corp increased its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,333 shares of the company’s stock after acquiring an additional 1,594 shares during the period. Personal Capital Advisors Corp’s holdings in MCCORMICK & CO /SH were worth $1,021,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in MCCORMICK & CO /SH during the third quarter valued at about $105,000. Belpointe Asset Management LLC bought a new stake in MCCORMICK & CO /SH during the third quarter valued at about $117,000. Honkamp Krueger Financial Services Inc. bought a new stake in MCCORMICK & CO /SH during the third quarter valued at about $122,000. First Hawaiian Bank bought a new stake in MCCORMICK & CO /SH during the third quarter valued at about $173,000. Finally, Dupont Capital Management Corp purchased a new position in shares of MCCORMICK & CO /SH in the third quarter valued at about $187,000. 77.77% of the stock is owned by institutional investors.
In other MCCORMICK & CO /SH news, VP Christina M. Mcmullen sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $147.44, for a total transaction of $58,976.00. Following the sale, the vice president now directly owns 624 shares in the company, valued at $92,002.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lisa Manzone sold 9,600 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $144.63, for a total value of $1,388,448.00. Following the sale, the vice president now owns 8,345 shares in the company, valued at $1,206,937.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,200 shares of company stock worth $15,142,376. Company insiders own 19.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 14th. Shareholders of record on Monday, December 31st were given a dividend of $0.57 per share. The ex-dividend date was Friday, December 28th. This is an increase from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 1.62%. MCCORMICK & CO /SH’s dividend payout ratio is 53.52%.
Several equities analysts have recently commented on MKC shares. Credit Suisse Group set a $108.00 price objective on MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research report on Monday, December 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 target price on shares of MCCORMICK & CO /SH in a research report on Wednesday, October 3rd. Barclays reiterated a “hold” rating and issued a $129.00 target price on shares of MCCORMICK & CO /SH in a research report on Sunday, September 30th. Finally, UBS Group set a $130.00 target price on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. MCCORMICK & CO /SH currently has an average rating of “Hold” and an average price target of $127.00.
MCCORMICK & CO /SH Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
Read More: What are no-load funds?
Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.