Keybank National Association OH cut its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,393 shares of the company’s stock after selling 11,879 shares during the quarter. Keybank National Association OH owned approximately 0.10% of MCCORMICK & CO /SH worth $21,006,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Neville Rodie & Shaw Inc. boosted its position in MCCORMICK & CO /SH by 6.6% during the second quarter. Neville Rodie & Shaw Inc. now owns 6,500 shares of the company’s stock valued at $1,008,000 after purchasing an additional 400 shares during the last quarter. Bath Savings Trust Co boosted its position in MCCORMICK & CO /SH by 1.4% during the second quarter. Bath Savings Trust Co now owns 99,422 shares of the company’s stock valued at $15,412,000 after purchasing an additional 1,355 shares during the last quarter. Cox Capital Mgt LLC boosted its position in MCCORMICK & CO /SH by 1.1% during the second quarter. Cox Capital Mgt LLC now owns 9,060 shares of the company’s stock valued at $1,404,000 after purchasing an additional 103 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in MCCORMICK & CO /SH during the second quarter valued at $298,000. Finally, Fulton Bank N.A. boosted its position in MCCORMICK & CO /SH by 18.9% during the second quarter. Fulton Bank N.A. now owns 1,821 shares of the company’s stock valued at $282,000 after purchasing an additional 289 shares during the last quarter. 80.04% of the stock is owned by institutional investors.
NYSE MKC traded down $1.06 during trading on Friday, hitting $159.37. 419,571 shares of the company traded hands, compared to its average volume of 572,163. MCCORMICK & CO /SH NV has a 12 month low of $119.00 and a 12 month high of $171.10. The business has a fifty day simple moving average of $161.90 and a 200 day simple moving average of $159.11. The company has a current ratio of 0.78, a quick ratio of 0.37 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $21.14 billion, a P/E ratio of 32.07, a PEG ratio of 3.69 and a beta of 0.13.
MCCORMICK & CO /SH (NYSE:MKC) last posted its earnings results on Tuesday, October 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.17. MCCORMICK & CO /SH had a return on equity of 21.63% and a net margin of 13.12%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $1.28 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts predict that MCCORMICK & CO /SH NV will post 5.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a $0.57 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. MCCORMICK & CO /SH’s payout ratio is presently 45.88%.
A number of research firms recently issued reports on MKC. ValuEngine cut MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group lifted their price objective on MCCORMICK & CO /SH from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and cut their target price for the company from $154.00 to $150.00 in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $154.86.
In other news, VP Lisa Manzone sold 2,800 shares of MCCORMICK & CO /SH stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $167.05, for a total value of $467,740.00. Following the transaction, the vice president now directly owns 11,260 shares in the company, valued at $1,880,983. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Aaron Conway sold 5,000 shares of MCCORMICK & CO /SH stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $168.59, for a total value of $842,950.00. Following the completion of the transaction, the director now owns 9,501 shares in the company, valued at $1,601,773.59. The disclosure for this sale can be found here. Insiders sold 39,902 shares of company stock worth $6,725,405 over the last quarter. 11.00% of the stock is currently owned by corporate insiders.
About MCCORMICK & CO /SH
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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