Curi RMB Capital LLC Acquires 316 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Curi RMB Capital LLC increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 8.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,983 shares of the company’s stock after purchasing an additional 316 shares during the period. Curi RMB Capital LLC’s holdings in McCormick & Company, Incorporated were worth $328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV boosted its position in McCormick & Company, Incorporated by 29.6% during the third quarter. KBC Group NV now owns 37,852 shares of the company’s stock valued at $3,115,000 after buying an additional 8,638 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of McCormick & Company, Incorporated by 57.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 40,077 shares of the company’s stock valued at $3,298,000 after acquiring an additional 14,652 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in McCormick & Company, Incorporated by 24.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $485,000 after acquiring an additional 1,144 shares during the period. Community Bank & Trust Waco Texas bought a new position in McCormick & Company, Incorporated during the 3rd quarter worth approximately $214,000. Finally, Haverford Trust Co grew its position in McCormick & Company, Incorporated by 0.4% during the 3rd quarter. Haverford Trust Co now owns 361,146 shares of the company’s stock worth $29,722,000 after acquiring an additional 1,316 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.3 %

Shares of NYSE MKC opened at $73.97 on Friday. The firm has a fifty day simple moving average of $80.30 and a two-hundred day simple moving average of $76.21. McCormick & Company, Incorporated has a 12 month low of $63.67 and a 12 month 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. The firm has a market capitalization of $19.85 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 3.46 and a beta of 0.77.

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

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, October 7th were given a dividend of $0.42 per share. The ex-dividend date was Monday, October 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.27%. McCormick & Company, Incorporated’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

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

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the completion of the transaction, the director now owns 40,436 shares of the company’s stock, valued at approximately $3,174,226. This trade represents a 11.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 20,000 shares of company stock worth $1,565,850 over the last ninety days. 22.90% of the stock is owned by corporate insiders.

About McCormick & Company, Incorporated

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.