3,405 Shares in McCormick & Company, Incorporated (NYSE:MKC) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,405 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also added to or reduced their stakes in the company. KFG Wealth Management LLC raised its stake in shares of McCormick & Company, Incorporated by 3.1% during the fourth quarter. KFG Wealth Management LLC now owns 5,229 shares of the company’s stock valued at $358,000 after acquiring an additional 158 shares during the last quarter. Beaumont Financial Advisors LLC raised its position in McCormick & Company, Incorporated by 4.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 3,690 shares of the company’s stock valued at $252,000 after purchasing an additional 159 shares during the last quarter. PFG Investments LLC lifted its holdings in McCormick & Company, Incorporated by 2.6% in the 4th quarter. PFG Investments LLC now owns 6,981 shares of the company’s stock worth $478,000 after buying an additional 179 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of McCormick & Company, Incorporated by 3.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 6,205 shares of the company’s stock worth $425,000 after buying an additional 195 shares during the last quarter. Finally, Palisade Asset Management LLC grew its position in shares of McCormick & Company, Incorporated by 0.5% in the 4th quarter. Palisade Asset Management LLC now owns 42,172 shares of the company’s stock worth $2,885,000 after buying an additional 200 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MKC. JPMorgan Chase & Co. decreased their target price on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Barclays lifted their target price on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Consumer Edge cut shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 22nd. Citigroup raised their price objective on shares of McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Wednesday, March 27th. Finally, Stifel Nicolaus upped their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.88.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Maritza Gomez Montiel sold 7,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $77.00, for a total transaction of $539,000.00. Following the completion of the sale, the director now directly owns 5,594 shares in the company, valued at approximately $430,738. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 1,726 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maritza Gomez Montiel sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $77.00, for a total value of $539,000.00. Following the completion of the transaction, the director now directly owns 5,594 shares in the company, valued at approximately $430,738. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,726 shares of company stock valued at $2,504,728. 22.90% of the stock is owned by company insiders.

McCormick & Company, Incorporated Stock Up 0.6 %

McCormick & Company, Incorporated stock traded up $0.43 during mid-day trading on Tuesday, reaching $76.19. The stock had a trading volume of 1,510,041 shares, compared to its average volume of 2,030,900. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 3.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.30. McCormick & Company, Incorporated has a one year low of $59.13 and a one year high of $94.39. The company has a 50-day moving average price of $72.73 and a two-hundred day moving average price of $68.64.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, April 5th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 64.12%.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.