TRUE Private Wealth Advisors Invests $513,000 in McCormick & Company, Incorporated (NYSE:MKC)

TRUE Private Wealth Advisors bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,016 shares of the company’s stock, valued at approximately $513,000.

A number of other large investors have also recently added to or reduced their stakes in MKC. Zions Bancorporation increased its position in McCormick & Company, Incorporated by 5,071.4% during the 3rd quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock worth $111,000 after purchasing an additional 1,065 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in McCormick & Company, Incorporated by 136.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after purchasing an additional 866 shares in the last quarter. BlueMountain Capital Management LLC increased its position in McCormick & Company, Incorporated by 1,600.0% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after purchasing an additional 1,616 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in McCormick & Company, Incorporated during the 3rd quarter worth approximately $173,000. Finally, YorkBridge Wealth Partners LLC acquired a new stake in McCormick & Company, Incorporated in the third quarter valued at approximately $174,000. Institutional investors own 76.27% of the company’s stock.

Several analysts have issued reports on MKC shares. Zacks Investment Research raised shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Deutsche Bank downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and lowered their price objective for the company from $103.00 to $98.00 in a research report on Friday, January 19th. Jefferies Group set a $120.00 price objective on shares of McCormick & Company, Incorporated and gave the company a “buy” rating in a research report on Monday, October 30th. UBS Group increased their price objective on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus raised their price target on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average target price of $107.56.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded up $0.48 on Friday, reaching $101.84. The company had a trading volume of 1,057,102 shares, compared to its average volume of 1,200,000. McCormick & Company, Incorporated has a 52-week low of $90.25 and a 52-week high of $109.67. The company has a market capitalization of $13,340.00, a PE ratio of 27.45, a PEG ratio of 2.23 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.83 and a quick ratio of 0.42.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.02. McCormick & Company, Incorporated had a return on equity of 25.30% and a net margin of 9.88%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $1.27 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. sell-side analysts predict that McCormick & Company, Incorporated will post 4.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 annualized dividend and a yield of 2.04%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 56.06%.

In other McCormick & Company, Incorporated news, VP Michael R. Smith sold 2,575 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total value of $277,997.00. Following the sale, the vice president now directly owns 17,312 shares in the company, valued at $1,869,003.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia A. Little sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $108.63, for a total value of $678,937.50. Following the completion of the sale, the director now owns 15,497 shares in the company, valued at $1,683,439.11. The disclosure for this sale can be found here. Company insiders own 15.30% of the company’s stock.

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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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