Dakota Wealth Management Decreases Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Dakota Wealth Management trimmed its stake in McCormick & Company, Incorporated (NYSE:MKC) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,873 shares of the company’s stock after selling 2,589 shares during the quarter. Dakota Wealth Management’s holdings in McCormick & Company, Incorporated were worth $3,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $28,000. Rosenberg Matthew Hamilton bought a new position in McCormick & Company, Incorporated during the fourth quarter valued at $38,000. Strategic Investment Solutions Inc. IL purchased a new stake in McCormick & Company, Incorporated in the second quarter worth $39,000. Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $40,000. Finally, Friedenthal Financial bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $49,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Down 1.4 %

Shares of NYSE:MKC opened at $73.19 on Thursday. The firm has a fifty day moving average price of $76.70 and a two-hundred day moving average price of $78.01. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.24 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32. McCormick & Company, Incorporated has a one year low of $64.33 and a one year high of $85.49.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, December 30th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.22%.

Wall Street Analysts Forecast Growth

MKC has been the subject of several recent research reports. BNP Paribas raised McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Moderate Buy” and a consensus price target of $82.63.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $78.33, for a total value of $391,650.00. Following the sale, the director now owns 28,217 shares of the company’s stock, valued at $2,210,237.61. This trade represents a 15.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 20,000 shares of company stock valued at $1,565,850. Company insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.