Shares of McCormick & Co. (NYSE:MKC) were down 0.7% during trading on Monday . The company traded as low as $101.01 and last traded at $101.05, with a volume of 115,521 shares traded. The stock had previously closed at $101.78.

A number of analysts recently commented on MKC shares. Citigroup Inc. upgraded McCormick & Co. from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $85.00 to $102.00 in a report on Thursday, June 23rd. Vetr raised McCormick & Co. from a “hold” rating to a “buy” rating and set a $98.89 target price for the company in a research report on Tuesday, April 19th. Deutsche Bank AG reissued a “hold” rating and issued a $110.00 target price (up from $105.00) on shares of McCormick & Co. in a research report on Friday, June 24th. Zacks Investment Research downgraded McCormick & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a $95.00 target price on shares of McCormick & Co. in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $99.54.

The firm’s 50-day moving average is $103.41 and its 200 day moving average is $97.38. The company has a market capitalization of $12.82 billion and a P/E ratio of 30.01.

McCormick & Co. (NYSE:MKC) last issued its earnings results on Thursday, June 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. During the same quarter last year, the company posted $0.75 EPS. The business had revenue of $1.06 billion for the quarter. The company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that McCormick & Co. will post $3.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 11th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, July 7th. This represents a $1.72 annualized dividend and a yield of 1.70%.

In other McCormick & Co. news, VP Nneka Louise Rimmer sold 560 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $96.00, for a total transaction of $53,760.00. Following the sale, the vice president now directly owns 20 shares in the company, valued at approximately $1,920. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gordon Mckenzie Stetz, Jr. sold 38,900 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $105.17, for a total value of $4,091,113.00. Following the sale, the chief financial officer now owns 94,012 shares in the company, valued at $9,887,242.04. The disclosure for this sale can be found here.

A number of hedge funds have modified their holdings of MKC. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of 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 valued at $1,317,000 after buying an additional 863 shares in the last quarter. Buckingham Capital Management Inc. increased its stake in shares of McCormick & Co. by 11.6% in the third quarter. Buckingham Capital Management Inc. now owns 17,191 shares of the company’s stock valued at $1,413,000 after buying an additional 1,784 shares in the last quarter. Utah Retirement Systems increased its stake in shares of McCormick & Co. by 0.4% in the fourth quarter. Utah Retirement Systems now owns 22,966 shares of the company’s stock valued at $1,965,000 after buying an additional 100 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of McCormick & Co. by 20.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 23,219 shares of the company’s stock valued at $1,987,000 after buying an additional 3,901 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of McCormick & Co. by 183.5% in the fourth quarter. Advisors Asset Management Inc. now owns 24,321 shares of the company’s stock valued at $2,081,000 after buying an additional 15,743 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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