McCormick & Co. (NYSE:MKC)’s share price fell 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 research firms have recently commented on MKC. Zacks Investment Research cut McCormick & Co. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $113.00 target price (up previously from $110.00) on shares of McCormick & Co. in a report on Sunday, June 26th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $95.00 target price on shares of McCormick & Co. in a report on Tuesday, April 19th. Vetr raised McCormick & Co. from a “hold” rating to a “buy” rating and set a $98.89 target price for the company in a report on Tuesday, April 19th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of McCormick & Co. in a report on Tuesday, July 5th. One 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. McCormick & Co. presently has an average rating of “Hold” and a consensus price target of $99.54.

The company has a market capitalization of $12.72 billion and a P/E ratio of 29.791. The firm’s 50 day moving average is $103.38 and its 200 day moving average is $97.47.

McCormick & Co. (NYSE:MKC) last announced 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. The business had revenue of $1.06 billion for the quarter. During the same quarter last year, the firm posted $0.75 EPS. McCormick & Co.’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect 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. Investors of record on Monday, July 11th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $1.72 annualized dividend and a dividend yield of 1.71%.

In other McCormick & Co. news, Director Patricia A. Little sold 3,750 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $107.22, for a total value of $402,075.00. Following the transaction, the director now owns 13,227 shares in the company, valued at $1,418,198.94. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Nneka Louise Rimmer sold 560 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $96.00, for a total value of $53,760.00. Following the completion of the transaction, the vice president now owns 20 shares in the company, valued at approximately $1,920. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in MKC. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position 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 during the last quarter. Utah Retirement Systems raised its position 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 during the last quarter. Aberdeen Asset Management PLC UK raised its position 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 during the last quarter. Advisors Asset Management Inc. raised its position 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 during the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of McCormick & Co. by 27.9% in the fourth quarter. I.G. Investment Management LTD. now owns 64,350 shares of the company’s stock valued at $5,506,000 after buying an additional 14,050 shares during 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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