McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,637 shares of the company’s stock after selling 5,181 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in McCormick & Company, Incorporated were worth $2,717,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MKC. Capital Performance Advisors LLP acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at $28,000. Albion Financial Group UT acquired a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Kennebec Savings Bank purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Rosenberg Matthew Hamilton purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of McCormick & Company, Incorporated during the second quarter worth about $39,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Activity

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $78.50, for a total value of $392,500.00. Following the transaction, the director now directly owns 40,436 shares in the company, valued at approximately $3,174,226. This trade represents a 11.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 20,000 shares of company stock valued at $1,565,850. Insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Stock Up 2.1 %

Shares of NYSE MKC opened at $76.47 on Monday. The business has a 50-day moving average price of $76.66 and a 200 day moving average price of $78.10. The stock has a market cap of $20.52 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 3.23 and a beta of 0.75. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 52-week low of $64.33 and a 52-week high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 15.30% and a net margin of 11.87%. Equities research analysts forecast that McCormick & Company, Incorporated will post 2.92 earnings per share for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 2.35%. McCormick & Company, Incorporated’s payout ratio is currently 61.22%.

Analyst Ratings Changes

MKC has been the subject of several analyst reports. Bank of America boosted their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday. Barclays cut their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday. BNP Paribas raised McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.75.

McCormick & Company, Incorporated Company 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.