Boston Common Asset Management LLC Has $12.72 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Boston Common Asset Management LLC lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,603 shares of the company’s stock after selling 6,615 shares during the quarter. Boston Common Asset Management LLC owned about 0.06% of McCormick & Company, Incorporated worth $12,724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MKC. Capital Advisors Ltd. LLC increased its position in McCormick & Company, Incorporated by 87.5% during the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. OFI Invest Asset Management acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $29,000. 1620 Investment Advisors Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $35,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of McCormick & Company, Incorporated in the second quarter valued at approximately $39,000. Finally, Farmers & Merchants Investments Inc. grew its position in McCormick & Company, Incorporated by 40.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 794 shares of the company’s stock worth $56,000 after buying an additional 228 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Upgrades and Downgrades

MKC has been the subject of several analyst reports. Bank of America lifted their price objective on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. TD Cowen increased their price objective on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus boosted their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $79.57.

McCormick & Company, Incorporated Trading Up 0.1 %

Shares of McCormick & Company, Incorporated stock opened at $79.78 on Friday. The firm’s 50 day moving average is $80.60 and its 200 day moving average is $75.58. The firm has a market capitalization of $21.43 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77. McCormick & Company, Incorporated has a 1 year low of $59.13 and a 1 year high of $85.49. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Tuesday, October 1st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Equities research analysts forecast that McCormick & Company, Incorporated will post 2.92 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $1.68 annualized dividend and a yield of 2.11%. McCormick & Company, Incorporated’s dividend payout ratio is presently 57.14%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Lawrence Erik Kurzius sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the director now owns 199,258 shares of the company’s stock, valued at $14,944,350. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.