McCormick & Co. (NYSE:MKC) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $107.84 and last traded at $107.06, with a volume of 497,996 shares changing hands. The stock had previously closed at $105.87.

Several analysts have recently weighed in on MKC shares. Vetr upgraded McCormick & Co. from a “sell” rating to a “hold” rating and set a $96.84 target price for the company in a research note on Monday, March 21st. Sanford C. Bernstein raised their target price on McCormick & Co. from $100.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, March 30th. Deutsche Bank AG raised their target price on McCormick & Co. from $99.00 to $105.00 in a research note on Wednesday, March 30th. Citigroup Inc. raised their target price on McCormick & Co. from $74.00 to $84.00 and gave the company a “sell” rating in a research note on Wednesday, March 30th. Finally, Zacks Investment Research upgraded McCormick & Co. from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Monday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.88.

The stock has a market capitalization of $13.46 billion and a price-to-earnings ratio of 31.51. The company has a 50-day moving average price of $99.76 and a 200-day moving average price of $93.67.

McCormick & Co. (NYSE:MKC) last released its quarterly earnings data on Thursday, June 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The business earned $1.06 billion during the quarter. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Analysts anticipate that McCormick & Co. will post $3.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Monday, July 11th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, July 7th.

In other McCormick & Co. news, insider Malcolm Swift sold 26,950 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $95.01, for a total transaction of $2,560,519.50. Following the completion of the transaction, the insider now owns 8,445 shares of the company’s stock, valued at approximately $802,359.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gordon Mckenzie Stetz, Jr. sold 37,000 shares of the business’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $95.03, for a total transaction of $3,516,110.00. Following the transaction, the chief financial officer now directly owns 64,724 shares of the company’s stock, valued at approximately $6,150,721.72. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Sawtooth Asset Management Inc. raised its position in McCormick & Co. by 12,805.1% in the fourth quarter. Sawtooth Asset Management Inc. now owns 12,647 shares of the company’s stock worth $1,082,000 after buying an additional 12,549 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in McCormick & Co. by 105.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,529 shares of the company’s stock worth $1,158,000 after buying an additional 6,942 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in McCormick & Co. by 5.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 15,398 shares of the company’s stock worth $1,317,000 after buying an additional 863 shares in the last quarter. Chartwell Investment Partners LLC raised its position in McCormick & Co. by 32.4% in the fourth quarter. Chartwell Investment Partners LLC now owns 18,075 shares of the company’s stock worth $1,546,000 after buying an additional 4,425 shares in the last quarter. Finally, Parsons Capital Management Inc. RI raised its position in McCormick & Co. by 0.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 19,055 shares of the company’s stock worth $1,630,000 after buying an additional 75 shares in the last quarter.

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company operates in two segments: consumer and industrial. Its brands in the Americas include McCormick, Lawry’s, Stubb’s, Club House, Zatarain’s, Thai Kitchen and Simply Asia.

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