MCCORMICK & CO /SH NV (MKC) Position Raised by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT boosted its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,487 shares of the company’s stock after purchasing an additional 580 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in MCCORMICK & CO /SH were worth $25,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at approximately $111,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at approximately $125,000. IMS Capital Management acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at approximately $128,000. Fort L.P. acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at approximately $134,000. Finally, Squar Milner Financial Services LLC acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at approximately $135,000. Hedge funds and other institutional investors own 80.54% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of MCCORMICK & CO /SH in a research report on Wednesday, October 3rd. Barclays reiterated a “hold” rating and set a $129.00 price target on shares of MCCORMICK & CO /SH in a research report on Sunday, September 30th. UBS Group set a $130.00 price target on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Stifel Nicolaus lifted their price target on shares of MCCORMICK & CO /SH from $117.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.44.

Shares of MKC traded down $2.77 during mid-day trading on Wednesday, reaching $141.98. 8,842 shares of the company’s stock were exchanged, compared to its average volume of 1,045,291. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.79 and a quick ratio of 0.36. MCCORMICK & CO /SH NV has a 52-week low of $93.70 and a 52-week high of $145.04. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.57.

MCCORMICK & CO /SH (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 27th. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.01. MCCORMICK & CO /SH had a net margin of 16.57% and a return on equity of 21.83%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company posted $1.12 EPS. The company’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts expect that MCCORMICK & CO /SH NV will post 4.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, October 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.46%. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is 48.83%.

In other news, Director Alan D. Wilson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $125.30, for a total transaction of $12,530,000.00. Following the completion of the transaction, the director now directly owns 212,894 shares of the company’s stock, valued at approximately $26,675,618.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alan D. Wilson sold 111,000 shares of MCCORMICK & CO /SH stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the completion of the sale, the insider now directly owns 218,644 shares of the company’s stock, valued at $30,739,159.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,000 shares of company stock valued at $28,845,490. Corporate insiders own 19.20% of the company’s stock.

About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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