Capstone Triton Financial Group LLC Acquires 210 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Capstone Triton Financial Group LLC increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKCFree Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,469 shares of the company’s stock after acquiring an additional 210 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in McCormick & Company, Incorporated were worth $798,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MKC. Blue Trust Inc. increased its holdings in shares of McCormick & Company, Incorporated by 43.8% in the fourth quarter. Blue Trust Inc. now owns 3,001 shares of the company’s stock valued at $247,000 after purchasing an additional 914 shares during the last quarter. KBC Group NV boosted its holdings in shares of McCormick & Company, Incorporated by 8.1% during the 4th quarter. KBC Group NV now owns 40,903 shares of the company’s stock worth $3,119,000 after buying an additional 3,051 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in McCormick & Company, Incorporated by 2.9% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 21,340 shares of the company’s stock valued at $1,627,000 after buying an additional 595 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in McCormick & Company, Incorporated by 321.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 449,870 shares of the company’s stock valued at $34,298,000 after acquiring an additional 343,070 shares during the period. Finally, Forsta AP Fonden raised its holdings in McCormick & Company, Incorporated by 61.6% in the 4th quarter. Forsta AP Fonden now owns 73,700 shares of the company’s stock valued at $5,619,000 after acquiring an additional 28,100 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock opened at $71.80 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a 50-day simple moving average of $76.01 and a two-hundred day simple moving average of $77.22.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last announced its earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.86%.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $76.38, for a total value of $583,695.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $81.81, for a total value of $4,090,500.00. Following the completion of the transaction, the director now owns 247,437 shares in the company, valued at approximately $20,242,820.97. The trade was a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,392 shares of company stock valued at $4,898,101 over the last quarter. 23.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Argus cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.14.

Read Our Latest Research Report on McCormick & Company, Incorporated

About McCormick & Company, Incorporated

(Free Report)

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.

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

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