McCormick & Company, Incorporated (NYSE:MKC) saw unusually large options trading on Thursday. Traders acquired 554 put options on the company. This represents an increase of approximately 619% compared to the average daily volume of 77 put options.

McCormick & Company, Incorporated (NYSE:MKC) opened at $101.16 on Friday. The stock has a market capitalization of $13,250.00, a price-to-earnings ratio of 25.73, a PEG ratio of 2.32 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. McCormick & Company, Incorporated has a 12-month low of $89.65 and a 12-month high of $106.50.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. McCormick & Company, Incorporated had a return on equity of 20.09% and a net margin of 8.44%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. equities research analysts anticipate that McCormick & Company, Incorporated will post 4.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.06%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 28th. McCormick & Company, Incorporated’s dividend payout ratio is presently 52.08%.

A number of analysts have weighed in on MKC shares. Credit Suisse Group upped their target price on McCormick & Company, Incorporated from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, September 18th. Jefferies Group set a $120.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Citigroup upped their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Finally, BidaskClub raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $106.67.

In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total transaction of $240,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Smith sold 5,500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the sale, the vice president now owns 19,248 shares of the company’s stock, valued at approximately $1,974,844.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation increased its position in shares of McCormick & Company, Incorporated by 5,071.4% in the 3rd quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock valued at $111,000 after acquiring an additional 1,065 shares during the period. Knights of Columbus Asset Advisors LLC increased its position in shares of McCormick & Company, Incorporated by 136.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock valued at $154,000 after acquiring an additional 866 shares during the period. Dupont Capital Management Corp acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $173,000. YorkBridge Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $174,000. Finally, BlueMountain Capital Management LLC increased its position in shares of McCormick & Company, Incorporated by 1,600.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after acquiring an additional 1,616 shares during the period. 76.25% of the stock is currently owned by hedge funds and other institutional investors.

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McCormick & Company, Incorporated 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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