Sumitomo Mitsui Trust Holdings Inc. Sells 3,484 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 389,811 shares of the company’s stock after selling 3,484 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of McCormick & Company, Incorporated worth $40,010,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MKC. Oregon Public Employees Retirement Fund increased its holdings in McCormick & Company, Incorporated by 5.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,279 shares of the company’s stock worth $2,660,000 after purchasing an additional 1,400 shares during the last quarter. US Bancorp DE grew its position in shares of McCormick & Company, Incorporated by 1.1% in the 2nd quarter. US Bancorp DE now owns 67,180 shares of the company’s stock worth $6,550,000 after acquiring an additional 723 shares in the last quarter. Forsta AP Fonden grew its position in shares of McCormick & Company, Incorporated by 11.4% in the 2nd quarter. Forsta AP Fonden now owns 97,687 shares of the company’s stock worth $9,525,000 after acquiring an additional 10,000 shares in the last quarter. Huntington National Bank grew its position in shares of McCormick & Company, Incorporated by 1,090.3% in the 2nd quarter. Huntington National Bank now owns 114,198 shares of the company’s stock worth $11,135,000 after acquiring an additional 104,604 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC grew its position in shares of McCormick & Company, Incorporated by 312.3% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 9,387 shares of the company’s stock worth $896,000 after acquiring an additional 7,110 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.

In related news, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the transaction, the vice president now owns 19,248 shares of the company’s stock, valued at approximately $1,974,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maritza Gomez Montiel sold 2,500 shares of the business’s stock in a transaction dated 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 sold 16,000 shares of company stock worth $1,598,490 in the last 90 days. Corporate insiders own 15.30% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded up $0.04 during trading on Wednesday, hitting $103.00. The stock had a trading volume of 696,444 shares, compared to its average volume of 889,996. The firm has a market capitalization of $13,686.57, a price-to-earnings ratio of 26.32, a PEG ratio of 2.38 and a beta of 0.53. 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 has a 12 month low of $89.65 and a 12 month high of $106.50.

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

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

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Zacks Investment Research lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Credit Suisse Group reiterated a “buy” rating and set a $115.00 price target (up previously from $112.00) on shares of McCormick & Company, Incorporated in a research report on Friday, September 29th. BidaskClub upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, Citigroup boosted their price target on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $106.00.

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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.

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

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