Trustcore Financial Services LLC purchased a new position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 606 shares of the company’s stock, valued at approximately $91,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKC. Oregon Public Employees Retirement Fund boosted its holdings in MCCORMICK & CO /SH by 38,047.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock worth $36,000 after buying an additional 5,038,246 shares in the last quarter. Fundsmith LLP purchased a new position in MCCORMICK & CO /SH during the fourth quarter valued at $348,961,000. Norges Bank purchased a new position in MCCORMICK & CO /SH during the fourth quarter valued at $137,744,000. BlackRock Inc. lifted its holdings in MCCORMICK & CO /SH by 9.9% during the fourth quarter. BlackRock Inc. now owns 10,463,337 shares of the company’s stock valued at $1,456,918,000 after purchasing an additional 943,361 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in MCCORMICK & CO /SH by 62.7% during the first quarter. Janus Henderson Group PLC now owns 1,352,114 shares of the company’s stock valued at $203,669,000 after purchasing an additional 520,816 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Christina M. Mcmullen sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $154.00, for a total transaction of $308,000.00. Following the completion of the sale, the vice president now directly owns 3,211 shares in the company, valued at $494,494. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $140.00, for a total transaction of $12,600,000.00. The disclosure for this sale can be found here. Insiders sold 195,600 shares of company stock valued at $28,628,076 over the last quarter. Company insiders own 11.00% of the company’s stock.
Shares of NYSE MKC traded down $0.78 during mid-day trading on Friday, reaching $155.06. The company’s stock had a trading volume of 609,991 shares, compared to its average volume of 743,465. The stock has a market capitalization of $20.57 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 3.70 and a beta of 0.26. The company has a quick ratio of 0.34, a current ratio of 0.78 and a debt-to-equity ratio of 1.21. MCCORMICK & CO /SH NV has a 1-year low of $99.53 and a 1-year high of $157.00.
MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Tuesday, March 26th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.06. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. MCCORMICK & CO /SH had a net margin of 12.19% and a return on equity of 21.41%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. As a group, equities research analysts expect that MCCORMICK & CO /SH NV will post 5.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, April 5th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is 45.88%.
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 in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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