Epoch Investment Partners Inc. Has $49.57 Million Holdings in McCormick & Company, Incorporated $MKC

Epoch Investment Partners Inc. boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.4% in the fourth quarter, HoldingsChannel reports. The fund owned 727,779 shares of the company’s stock after buying an additional 17,042 shares during the quarter. Epoch Investment Partners Inc.’s holdings in McCormick & Company, Incorporated were worth $49,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MKC. GoalVest Advisory LLC acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $28,000. Deseret Mutual Benefit Administrators boosted its position in McCormick & Company, Incorporated by 67.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after acquiring an additional 164 shares during the period. Zions Bancorporation National Association UT boosted its position in McCormick & Company, Incorporated by 340.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after acquiring an additional 357 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $40,000. Finally, Elyxium Wealth LLC acquired a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $43,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Up 0.0%

MKC opened at $48.95 on Monday. McCormick & Company, Incorporated has a fifty-two week low of $44.82 and a fifty-two week high of $78.16. The business has a 50-day moving average of $49.22 and a 200-day moving average of $59.22. 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 company has a market capitalization of $13.15 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65.

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

McCormick & Company, Incorporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, April 20th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.48%.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Gavin Hattersley acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of $52.98 per share, with a total value of $105,960.00. Following the purchase, the director owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. The trade was a 220.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MKC. TD Cowen decreased their price objective on McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Barclays cut their price target on McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Jefferies Financial Group cut their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. BTIG Research assumed coverage on McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research note on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.27.

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.