Graypoint LLC Has $376,000 Stake in McCormick & Company, Incorporated (NYSE:MKC)



Graypoint LLC grew its stake in McCormick & Company, Incorporated (NYSE:MKC – Get Rating) by 4.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,767 shares of the company’s stock after buying an additional 144 shares during the period. Graypoint LLC’s holdings in McCormick & Company, Incorporated were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. First National Bank of South Miami boosted its position in shares of McCormick & Company, Incorporated by 843.8% during the 4th quarter. First National Bank of South Miami now owns 302 shares of the company’s stock valued at $29,000 after acquiring an additional 270 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $29,000. Lumature Wealth Partners LLC boosted its position in shares of McCormick & Company, Incorporated by 65.3% during the 4th quarter. Lumature Wealth Partners LLC now owns 324 shares of the company’s stock valued at $31,000 after acquiring an additional 128 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $34,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $39,000. Institutional investors own 74.86% of the company’s stock.

In other McCormick & Company, Incorporated news, CFO Michael R. Smith sold 19,986 of the business’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $104.04, for a total value of $2,079,343.44. Following the completion of the transaction, the chief financial officer now directly owns 93,025 shares of the company’s stock, valued at $9,678,321. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.90% of the company’s stock.

MKC has been the topic of several recent research reports. StockNews.com initiated coverage on shares of McCormick & Company, Incorporated in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet downgraded shares of McCormick & Company, Incorporated from a “b” rating to a “c+” rating in a report on Wednesday, June 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of McCormick & Company, Incorporated from $91.00 to $85.00 and set a “hold” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.50.

Shares of MKC stock opened at $83.25 on Friday. McCormick & Company, Incorporated has a 12-month low of $77.85 and a 12-month high of $107.35. The company has a market capitalization of $22.32 billion, a P/E ratio of 30.05, a P/E/G ratio of 4.58 and a beta of 0.45. The firm has a 50-day moving average price of $92.36 and a 200 day moving average price of $95.96. The company has a quick ratio of 0.32, a current ratio of 0.73 and a debt-to-equity ratio of 0.86.

McCormick & Company, Incorporated (NYSE:MKC – Get Rating) last announced its earnings results on Wednesday, June 29th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.17). McCormick & Company, Incorporated had a return on equity of 18.00% and a net margin of 11.77%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 25th. Shareholders of record on Monday, July 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, July 8th. McCormick & Company, Incorporated’s dividend payout ratio is presently 53.43%.

McCormick & Company, Incorporated Profile (Get Rating)

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

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated (NYSE:MKC – Get Rating).

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.

.

Leave a Comment