McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. lifted its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,429 shares of the company’s stock after buying an additional 600 shares during the period. McCormick & Company, Incorporated makes up approximately 1.5% of Borer Denton & Associates Inc.’s investment portfolio, making the stock its 22nd biggest holding. Borer Denton & Associates Inc.’s holdings in McCormick & Company, Incorporated were worth $4,397,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital Advisors Ltd. LLC raised its stake in McCormick & Company, Incorporated by 87.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $28,000. OFI Invest Asset Management acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at about $29,000. 1620 Investment Advisors Inc. purchased a new position in shares of McCormick & Company, Incorporated in the second quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of McCormick & Company, Incorporated in the second quarter worth about $39,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.5 %

Shares of NYSE MKC opened at $77.58 on Friday. The stock has a fifty day moving average price of $79.62 and a 200 day moving average price of $76.25. 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 12-month low of $63.67 and a 12-month high of $85.49. The company has a market cap of $20.82 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.56 and a beta of 0.77.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. The firm had revenue of $1.68 billion during 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 revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. Research analysts anticipate that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, December 30th. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s payout ratio is 57.14%.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the transaction, the director now owns 28,217 shares in the company, valued at approximately $2,210,237.61. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 20,000 shares of company stock worth $1,565,850. Company insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MKC shares. Bank of America lifted their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus boosted their price target on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” 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 note on Wednesday, October 2nd. Finally, TD Cowen increased their price target 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.57.

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.