SC&H Financial Advisors Inc. Sells 280 Shares of McCormick & Company, Incorporated (NYSE:MKC)

SC&H Financial Advisors Inc. lowered its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,079 shares of the company’s stock after selling 280 shares during the period. SC&H Financial Advisors Inc.’s holdings in McCormick & Company, Incorporated were worth $665,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MKC. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of McCormick & Company, Incorporated by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 656,686 shares of the company’s stock valued at $50,440,000 after purchasing an additional 3,584 shares during the last quarter. KFG Wealth Management LLC lifted its position in shares of McCormick & Company, Incorporated by 96.6% in the 1st quarter. KFG Wealth Management LLC now owns 10,278 shares of the company’s stock worth $789,000 after purchasing an additional 5,049 shares during the period. State of Alaska Department of Revenue lifted its position in shares of McCormick & Company, Incorporated by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 27,267 shares of the company’s stock worth $2,094,000 after purchasing an additional 135 shares during the period. Norden Group LLC purchased a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $5,444,000. Finally, Taylor Frigon Capital Management LLC lifted its position in shares of McCormick & Company, Incorporated by 1.0% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 15,536 shares of the company’s stock worth $1,193,000 after purchasing an additional 156 shares during the period. Institutional investors own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen lifted their target price on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus target price of $79.57.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $78.33 on Tuesday. The company has a market capitalization of $21.04 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 3.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71. The business’s fifty day moving average is $81.16 and its 200 day moving average is $75.94. McCormick & Company, Incorporated has a fifty-two week low of $62.72 and a fifty-two week high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, October 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.15. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. McCormick & Company, Incorporated’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Sell-side analysts predict that McCormick & Company, Incorporated will post 2.92 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.42 per share. The ex-dividend date was Monday, October 7th. This represents a $1.68 annualized dividend and a yield of 2.14%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.31%.

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.