International Private Wealth Advisors LLC Grows Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

International Private Wealth Advisors LLC grew its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,626 shares of the company’s stock after acquiring an additional 136 shares during the period. International Private Wealth Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $276,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. bought a new stake in McCormick & Company, Incorporated during the third quarter worth approximately $227,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in McCormick & Company, Incorporated by 445.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,082 shares of the company’s stock valued at $171,000 after buying an additional 1,700 shares during the period. Ritholtz Wealth Management lifted its position in McCormick & Company, Incorporated by 0.9% in the third quarter. Ritholtz Wealth Management now owns 19,482 shares of the company’s stock worth $1,603,000 after buying an additional 177 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in McCormick & Company, Incorporated by 23.7% during the third quarter. Exchange Traded Concepts LLC now owns 11,900 shares of the company’s stock worth $979,000 after buying an additional 2,282 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in McCormick & Company, Incorporated by 18.6% during the third quarter. Koshinski Asset Management Inc. now owns 4,398 shares of the company’s stock valued at $362,000 after acquiring an additional 690 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $76.65 on Tuesday. The company has a market capitalization of $20.55 billion, a PE ratio of 26.16, a P/E/G ratio of 3.67 and a beta of 0.75. The company has a 50-day simple moving average of $76.70 and a two-hundred day simple moving average of $78.38. McCormick & Company, Incorporated has a one year low of $64.33 and a one year high of $85.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. Research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 30th were given a $0.45 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.43%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MKC. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Barclays decreased their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.75.

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.