YHB Investment Advisors Inc. Has $4.78 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

YHB Investment Advisors Inc. trimmed its position in shares of McCormick & Company, Incorporated (NYSE:MKCFree Report) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,856 shares of the company’s stock after selling 16,970 shares during the quarter. YHB Investment Advisors Inc.’s holdings in McCormick & Company, Incorporated were worth $4,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC bought a new stake in McCormick & Company, Incorporated during the third quarter worth about $29,000. Point72 Hong Kong Ltd bought a new stake in McCormick & Company, Incorporated during the first quarter worth about $44,000. Anchor Investment Management LLC bought a new stake in McCormick & Company, Incorporated during the fourth quarter worth about $36,000. ICA Group Wealth Management LLC bought a new stake in McCormick & Company, Incorporated during the fourth quarter worth about $46,000. Finally, KB Financial Partners LLC bought a new stake in shares of McCormick & Company, Incorporated during the first quarter valued at approximately $49,000. 79.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Patricia A. Little sold 20,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $75.57, for a total value of $1,511,400.00. Following the sale, the director now directly owns 24,732 shares in the company, valued at $1,868,997.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Maritza Gomez Montiel sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $77.00, for a total transaction of $539,000.00. Following the sale, the director now directly owns 5,594 shares in the company, valued at $430,738. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patricia A. Little sold 20,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.57, for a total transaction of $1,511,400.00. Following the sale, the director now owns 24,732 shares in the company, valued at $1,868,997.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,000 shares of company stock worth $2,376,400. Company insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $71.76 on Friday. The firm’s 50 day moving average price is $69.96 and its two-hundred day moving average price is $67.54. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.68. The stock has a market cap of $19.26 billion, a PE ratio of 27.39, a PEG ratio of 3.68 and a beta of 0.74. McCormick & Company, Incorporated has a 52-week low of $59.13 and a 52-week high of $94.39.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. As a group, analysts forecast that McCormick & Company, Incorporated will post 2.85 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.42 dividend. The ex-dividend date is Friday, April 5th. This represents a $1.68 annualized dividend and a yield of 2.34%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 64.12%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MKC shares. Barclays increased their price target on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Stifel Nicolaus increased their price target on shares of McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, January 26th. Argus raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday, April 2nd. Finally, Consumer Edge cut shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average price target of $77.88.

Check Out Our Latest Research Report on McCormick & Company, Incorporated

McCormick & Company, Incorporated Profile

(Free Report)

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

See Also

Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.