McCormick & Company, Incorporated (NYSE:MKC) Stock Position Raised by Toth Financial Advisory Corp

Toth Financial Advisory Corp increased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,257 shares of the company’s stock after acquiring an additional 1,265 shares during the period. Toth Financial Advisory Corp’s holdings in McCormick & Company, Incorporated were worth $2,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $28,000. Albion Financial Group UT bought a new position in McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Rosenberg Matthew Hamilton bought a new position in McCormick & Company, Incorporated in the 4th quarter worth about $38,000. Strategic Investment Solutions Inc. IL bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $39,000. Finally, Kennebec Savings Bank bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $40,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $74.90 on Friday. The stock has a market cap of $20.10 billion, a P/E ratio of 25.47, a PEG ratio of 3.23 and a beta of 0.75. McCormick & Company, Incorporated has a one year low of $64.33 and a one year high of $85.49. The company has a fifty day moving average price of $76.66 and a 200 day moving average price of $77.99. 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 (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. Analysts anticipate that McCormick & Company, Incorporated will post 2.92 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.22%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $78.50, for a total value of $392,500.00. Following the completion of the sale, the director now owns 40,436 shares in the company, valued at approximately $3,174,226. This trade represents a 11.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock worth $1,565,850 in the last quarter. 22.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America upped their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $91.00 in a report on Monday, December 9th. Finally, BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

About McCormick & Company, Incorporated

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.