Public Employees Retirement Association of Colorado Buys 766 Shares of McCormick & Company, Incorporated (MKC)

Public Employees Retirement Association of Colorado increased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 0.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,271 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in McCormick & Company, Incorporated were worth $9,301,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MKC. Thrivent Financial For Lutherans grew its stake in shares of McCormick & Company, Incorporated by 5.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,941 shares of the company’s stock valued at $481,000 after buying an additional 264 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in shares of McCormick & Company, Incorporated by 2.8% in the second quarter. First Allied Advisory Services Inc. now owns 2,114 shares of the company’s stock valued at $206,000 after buying an additional 58 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of McCormick & Company, Incorporated by 153.3% in the second quarter. Janus Henderson Group PLC now owns 478,259 shares of the company’s stock valued at $46,638,000 after buying an additional 289,474 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of McCormick & Company, Incorporated by 2.4% in the second quarter. Nomura Holdings Inc. now owns 36,845 shares of the company’s stock valued at $3,598,000 after buying an additional 872 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of McCormick & Company, Incorporated by 8.7% in the second quarter. Ameritas Investment Partners Inc. now owns 35,374 shares of the company’s stock valued at $3,449,000 after buying an additional 2,843 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE:MKC) opened at $102.66 on Thursday. McCormick & Company, Incorporated has a 12 month low of $90.25 and a 12 month high of $109.67. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $13,433.02, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 25th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. McCormick & Company, Incorporated had a return on equity of 25.30% and a net margin of 9.88%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm earned $1.27 EPS. McCormick & Company, Incorporated’s quarterly revenue was up 21.5% on a year-over-year basis. equities research analysts forecast that McCormick & Company, Incorporated will post 4.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, December 28th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 56.22%.

In other McCormick & Company, Incorporated news, Director Patricia A. Little sold 6,250 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $108.63, for a total transaction of $678,937.50. Following the transaction, the director now owns 15,497 shares of the company’s stock, valued at approximately $1,683,439.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael R. Smith sold 2,575 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total value of $277,997.00. Following the transaction, the vice president now directly owns 17,312 shares in the company, valued at approximately $1,869,003.52. The disclosure for this sale can be found here. Company insiders own 15.30% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $120.00 target price on shares of McCormick & Company, Incorporated in a research note on Thursday, January 25th. Stifel Nicolaus increased their target price on McCormick & Company, Incorporated from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, January 26th. UBS Group increased their target price on McCormick & Company, Incorporated from $100.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Zacks Investment Research upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Credit Suisse Group set a $115.00 price objective on McCormick & Company, Incorporated and gave the company a “buy” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. McCormick & Company, Incorporated currently has a consensus rating of “Hold” and an average target price of $107.56.

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McCormick & Company, Incorporated 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.

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

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