MCCORMICK & CO /SH NV (MKC) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC decreased its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,859 shares of the company’s stock after selling 10,260 shares during the period. MCCORMICK & CO /SH accounts for 1.2% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Exencial Wealth Advisors LLC’s holdings in MCCORMICK & CO /SH were worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd lifted its stake in shares of MCCORMICK & CO /SH by 133.4% in the 4th quarter. WINTON GROUP Ltd now owns 5,260 shares of the company’s stock worth $732,000 after acquiring an additional 3,006 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of MCCORMICK & CO /SH by 38,047.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock valued at $36,000 after purchasing an additional 5,038,246 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of MCCORMICK & CO /SH by 42.0% in the 4th quarter. Victory Capital Management Inc. now owns 53,336 shares of the company’s stock valued at $7,427,000 after purchasing an additional 15,784 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of MCCORMICK & CO /SH in the 4th quarter valued at about $249,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of MCCORMICK & CO /SH in the 4th quarter valued at about $245,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Shares of MKC opened at $128.75 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $17.01 billion, a PE ratio of 25.91, a P/E/G ratio of 2.68 and a beta of 0.22. MCCORMICK & CO /SH NV has a 52-week low of $99.53 and a 52-week high of $156.00.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.03). MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $1.54 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts forecast that MCCORMICK & CO /SH NV will post 5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 14th. Shareholders of record on Monday, December 31st were issued a dividend of $0.57 per share. This is an increase from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, December 28th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is 45.88%.

A number of brokerages have recently issued reports on MKC. Zacks Investment Research downgraded shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Credit Suisse Group reiterated a “neutral” rating and issued a $150.00 price target (up previously from $137.00) on shares of MCCORMICK & CO /SH in a report on Friday, November 9th. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Monday, January 28th. Consumer Edge upgraded shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Finally, Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $130.63.

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About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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