McCormick & Company, Incorporated (NYSE:MKC) was the target of unusually large options trading on Monday. Stock investors purchased 3,094 put options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.

McCormick & Company, (NYSE MKC) opened at $96.43 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $12,312.41, a PE ratio of 23.67, a PEG ratio of 2.38 and a beta of 0.53. McCormick & Company, has a 1 year low of $88.64 and a 1 year high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings data on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. sell-side analysts anticipate that McCormick & Company, will post 4.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. McCormick & Company,’s dividend payout ratio (DPR) is presently 51.93%.

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the sale, the director now owns 18,825 shares of the company’s stock, valued at approximately $1,873,087.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $98.68, for a total value of $296,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock worth $1,357,840 in the last three months. 15.30% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of McCormick & Company, by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock valued at $1,195,875,000 after purchasing an additional 301,377 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of McCormick & Company, by 19.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after purchasing an additional 177,210 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of McCormick & Company, by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,505 shares of the company’s stock valued at $105,360,000 after purchasing an additional 11,005 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of McCormick & Company, by 26.6% during the 2nd quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock valued at $96,252,000 after purchasing an additional 207,600 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of McCormick & Company, by 0.6% during the 3rd quarter. Swiss National Bank now owns 918,848 shares of the company’s stock valued at $94,311,000 after purchasing an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

A number of brokerages recently issued reports on MKC. BidaskClub raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Citigroup Inc. raised their price target on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price target on shares of McCormick & Company, in a report on Thursday, July 27th. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, August 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 price target (up previously from $95.00) on shares of McCormick & Company, in a report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $106.00.

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McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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