McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Kelman Lazarov Inc.

Kelman Lazarov Inc. reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,365 shares of the company’s stock after selling 487 shares during the period. Kelman Lazarov Inc.’s holdings in McCormick & Company, were worth $1,596,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in MKC. Federated Investors Inc. PA increased its position in McCormick & Company, by 8.3% in the fourth quarter. Federated Investors Inc. PA now owns 2,717 shares of the company’s stock worth $254,000 after buying an additional 209 shares during the period. Thrivent Financial for Lutherans increased its position in McCormick & Company, by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,367 shares of the company’s stock worth $406,000 after buying an additional 230 shares during the period. Quadrature Capital Ltd bought a new position in McCormick & Company, during the fourth quarter worth approximately $1,597,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of McCormick & Company, during the fourth quarter worth $591,000. Finally, Teachers Advisors LLC boosted its stake in shares of McCormick & Company, by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 138,262 shares of the company’s stock worth $12,904,000 after buying an additional 8,118 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated (NYSE MKC) traded up 1.92% during mid-day trading on Friday, hitting $97.03. 1,962,586 shares of the stock traded hands. The stock has a 50-day moving average of $95.95 and a 200 day moving average of $99.00. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 25.77 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, equities analysts expect that McCormick & Company, Incorporated will post $4.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 10th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, July 6th. McCormick & Company,’s payout ratio is currently 49.87%.

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MKC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Thursday, June 1st. BidaskClub cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price target for the company. Jefferies Group LLC upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $110.00 in a research note on Friday, July 28th. Finally, Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $104.00.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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