McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 49,227 shares of the company’s stock after purchasing an additional 736 shares during the period. Amalgamated Bank’s holdings in McCormick & Company, Incorporated were worth $4,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Savvy Advisors Inc. acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth approximately $466,000. Sowell Financial Services LLC acquired a new stake in McCormick & Company, Incorporated in the 1st quarter worth approximately $260,000. Somerville Kurt F boosted its stake in McCormick & Company, Incorporated by 34.2% in the 4th quarter. Somerville Kurt F now owns 96,074 shares of the company’s stock worth $7,325,000 after purchasing an additional 24,467 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth approximately $234,000. Finally, Dempze Nancy E raised its position in McCormick & Company, Incorporated by 28.4% during the 4th quarter. Dempze Nancy E now owns 26,337 shares of the company’s stock worth $2,008,000 after buying an additional 5,833 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

Shares of NYSE MKC opened at $75.28 on Friday. The firm has a market cap of $20.20 billion, a PE ratio of 26.14, a PEG ratio of 3.68 and a beta of 0.68. The firm has a fifty day moving average of $74.40 and a 200 day moving average of $76.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68. McCormick & Company, Incorporated has a one year low of $69.00 and a one year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, June 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.80 annualized dividend and a yield of 2.39%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.86%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MKC. UBS Group began coverage on shares of McCormick & Company, Incorporated in a research report on Monday, June 16th. They set a “neutral” rating and a $83.00 price target for the company. Citigroup reduced their price target on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a research report on Tuesday, June 17th. Finally, Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.13.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, insider Katherine Jenkins sold 7,642 shares of McCormick & Company, Incorporated stock in a transaction on Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.80% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.