McCormick & Company, Incorporated (NYSE:MKC) Director Sells $386,700.00 in Stock

McCormick & Company, Incorporated (NYSE:MKC) Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $77.34, for a total value of $386,700.00. Following the sale, the director now owns 28,217 shares of the company’s stock, valued at approximately $2,182,302.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jacques Tapiero also recently made the following trade(s):

• On Monday, November 4th, Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock. The shares were sold at an average price of $78.33, for a total value of $391,650.00.

McCormick & Company, Incorporated Trading Down 1.0 %

NYSE MKC opened at $75.84 on Thursday. The stock has a market cap of $20.35 billion, a P/E ratio of 25.80, a PEG ratio of 3.50 and a beta of 0.77. The company’s fifty day simple moving average is $80.76 and its 200-day simple moving average is $76.24. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 52 week low of $63.67 and a 52 week high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Equities research analysts predict that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, October 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.22%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MKC shares. BNP Paribas raised McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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. Stifel Nicolaus increased their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen raised their target price on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $79.57.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of institutional investors have recently made changes to their positions in MKC. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $28,000. Capital Advisors Ltd. LLC grew its holdings in McCormick & Company, Incorporated by 87.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of McCormick & Company, Incorporated in the 2nd quarter worth about $29,000. Kennebec Savings Bank acquired a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $35,000. 79.74% of the stock is owned by institutional investors and hedge funds.

About McCormick & Company, Incorporated

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.