Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $993,000 Position in McCormick & Company, Incorporated (MKC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 15.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,671 shares of the company’s stock after buying an additional 1,259 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in McCormick & Company, Incorporated were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rowland & Co. Investment Counsel ADV increased its position in McCormick & Company, Incorporated by 0.4% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,148 shares of the company’s stock worth $308,000 after buying an additional 11 shares during the last quarter. Security National Bank of Sioux City Iowa IA increased its position in McCormick & Company, Incorporated by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,727 shares of the company’s stock worth $1,339,000 after buying an additional 37 shares during the last quarter. Elkhorn Investments LLC increased its position in McCormick & Company, Incorporated by 0.4% during the second quarter. Elkhorn Investments LLC now owns 12,448 shares of the company’s stock worth $1,176,000 after buying an additional 44 shares during the last quarter. Twin Tree Management LP increased its position in McCormick & Company, Incorporated by 1.3% during the second quarter. Twin Tree Management LP now owns 3,495 shares of the company’s stock worth $341,000 after buying an additional 44 shares during the last quarter. Finally, HM Payson & Co. increased its position in McCormick & Company, Incorporated by 1.7% during the second quarter. HM Payson & Co. now owns 2,631 shares of the company’s stock worth $257,000 after buying an additional 44 shares during the last quarter. 76.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded down $1.52 during trading hours on Wednesday, reaching $102.96. The company had a trading volume of 1,012,400 shares, compared to its average volume of 890,823. The firm has a market capitalization of $13,686.57, a P/E ratio of 26.32, a P/E/G ratio of 2.38 and a beta of 0.53. McCormick & Company, Incorporated has a 1-year low of $89.26 and a 1-year high of $106.50. The company has a quick ratio of 0.47, a current ratio of 0.95 and a debt-to-equity ratio of 1.86.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. McCormick & Company, Incorporated had a return on equity of 26.09% and a net margin of 10.05%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. sell-side analysts predict that McCormick & Company, Incorporated will post 4.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.08 dividend on an annualized basis and a yield of 2.02%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s dividend payout ratio is currently 51.93%.

In other McCormick & Company, Incorporated news, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $98.68, for a total transaction of $296,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock worth $1,598,490 in the last three months. 15.30% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on MKC shares. Zacks Investment Research downgraded McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Jefferies Group reaffirmed a “buy” rating and issued a $110.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, August 31st. Credit Suisse Group upped their target price on McCormick & Company, Incorporated from $108.00 to $112.00 and gave the company an “outperform” rating in a research report on Monday, September 18th. Finally, Citigroup upped their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $106.00.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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