Sei Investments Co. Has $11.88 Million Stake in McCormick & Company, Incorporated (MKC)

Sei Investments Co. grew its stake in McCormick & Company, Incorporated (NYSE:MKC) by 51.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,758 shares of the company’s stock after purchasing an additional 39,492 shares during the period. Sei Investments Co. owned approximately 0.09% of McCormick & Company, worth $11,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MKC. HL Financial Services LLC bought a new stake in McCormick & Company, during the 3rd quarter worth approximately $212,000. Courier Capital LLC bought a new stake in McCormick & Company, during the 3rd quarter worth approximately $3,827,000. FDx Advisors Inc. lifted its holdings in McCormick & Company, by 9.5% during the 3rd quarter. FDx Advisors Inc. now owns 24,613 shares of the company’s stock worth $2,526,000 after buying an additional 2,145 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in McCormick & Company, by 21.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 3,451 shares of the company’s stock worth $354,000 after buying an additional 620 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in McCormick & Company, by 28.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 170,664 shares of the company’s stock worth $17,517,000 after buying an additional 37,997 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.

In related news, Director Maritza Gomez Montiel sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $98.68, for a total transaction of $296,040.00. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock valued at $1,598,490 in the last 90 days. 15.30% of the stock is owned by corporate insiders.

MKC has been the topic of several research reports. Jefferies Group LLC set a $115.00 price objective on McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Monday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $115.00 price objective (up previously from $112.00) on shares of McCormick & Company, in a report on Friday, September 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price objective (up previously from $95.00) on shares of McCormick & Company, in a report on Monday, October 2nd. Finally, Citigroup Inc. increased their price target on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $106.00.

McCormick & Company, Incorporated (NYSE MKC) opened at $99.33 on Friday. The stock has a market capitalization of $13,011.93, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last released its earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. equities analysts forecast that McCormick & Company, Incorporated will post 4.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, October 6th. McCormick & Company,’s payout ratio is 51.93%.

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McCormick & 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.

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

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