Delaney Dennis R Has $600,000 Stake in McCormick & Company, Incorporated $MKC

Delaney Dennis R decreased its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 60.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,810 shares of the company’s stock after selling 13,460 shares during the period. Delaney Dennis R’s holdings in McCormick & Company, Incorporated were worth $600,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of McCormick & Company, Incorporated by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 32,679,906 shares of the company’s stock valued at $2,225,828,000 after acquiring an additional 314,252 shares during the last quarter. State Street Corp increased its holdings in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after acquiring an additional 747,844 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 6,508,928 shares of the company’s stock valued at $441,571,000 after acquiring an additional 59,587 shares during the last quarter. Invesco Ltd. increased its holdings in shares of McCormick & Company, Incorporated by 66.7% during the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after acquiring an additional 2,494,544 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of McCormick & Company, Incorporated by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,151,945 shares of the company’s stock valued at $214,679,000 after acquiring an additional 62,977 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Gavin Hattersley acquired 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the acquisition, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This trade represents 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.

Analysts Set New Price Targets

MKC has been the topic of a number of research analyst reports. BTIG Research initiated coverage on McCormick & Company, Incorporated in a report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Barclays lowered their target price on McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. JPMorgan Chase & Co. lowered their target price on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Zacks Research raised McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, BNP Paribas Exane lowered their target price on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.90.

McCormick & Company, Incorporated Stock Performance

MKC opened at $47.15 on Wednesday. The firm has a market capitalization of $12.67 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 2.37 and a beta of 0.65. The stock’s 50 day moving average price is $49.17 and its two-hundred day moving average price is $58.94. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $78.16.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) 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 firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

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

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.