RFG Bristol Wealth Advisors LLC Buys Shares of 6,242 McCormick & Company, Incorporated (NYSE:MKC)

RFG Bristol Wealth Advisors LLC bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,242 shares of the company’s stock, valued at approximately $476,000.

Several other institutional investors and hedge funds also recently modified their holdings of MKC. Curio Wealth LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth approximately $30,000. Albion Financial Group UT acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $33,000. Twin Tree Management LP acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth $33,000. Lee Danner & Bass Inc. purchased a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at $37,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

MKC has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $91.00 in a report on Monday, December 9th. Barclays decreased their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. Argus downgraded McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and an average price target of $83.75.

McCormick & Company, Incorporated Trading Down 0.1 %

Shares of MKC opened at $82.22 on Wednesday. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The firm has a market capitalization of $22.05 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $79.59 and its 200 day simple moving average is $78.79.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, April 7th. This represents a $1.80 annualized dividend and a yield of 2.19%. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.86%.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.