BNP Paribas Financial Markets Has $32.15 Million Stock Position in McCormick & Company, Incorporated $MKC

BNP Paribas Financial Markets raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,081 shares of the company’s stock after purchasing an additional 53,688 shares during the period. BNP Paribas Financial Markets’ holdings in McCormick & Company, Incorporated were worth $32,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GoalVest Advisory LLC bought a new position in McCormick & Company, Incorporated during the fourth quarter worth $28,000. SouthState Bank Corp grew its stake in shares of McCormick & Company, Incorporated by 1,777.8% in the 3rd quarter. SouthState Bank Corp now owns 507 shares of the company’s stock valued at $34,000 after buying an additional 480 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $40,000. Elyxium Wealth LLC acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $43,000. Finally, Rothschild Investment LLC raised its position in shares of McCormick & Company, Incorporated by 114.0% during the third quarter. Rothschild Investment LLC now owns 762 shares of the company’s stock worth $51,000 after purchasing an additional 406 shares during the period. Institutional investors own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Gavin Hattersley acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This represents a 220.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.60% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $46.64 on Friday. The firm has a market cap of $12.53 billion, a PE ratio of 7.65, a PEG ratio of 2.27 and a beta of 0.65. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $78.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.76 and a quick ratio of 0.36. The stock’s fifty day moving average price is $49.58 and its two-hundred day moving average price is $59.97.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.79 billion. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $1.92 annualized dividend and a yield of 4.1%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.48%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group decreased their price target on McCormick & Company, Incorporated from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday. TD Cowen decreased their price target on McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. BTIG Research assumed coverage on McCormick & Company, Incorporated in a report on Tuesday, April 14th. They set a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a report on Monday, April 27th. Finally, Sanford C. Bernstein cut their price objective on McCormick & Company, Incorporated from $85.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.36.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.