Ingalls & Snyder LLC boosted its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,405 shares of the company’s stock after buying an additional 50 shares during the period. Ingalls & Snyder LLC’s holdings in McCormick & Company, were worth $527,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in McCormick & Company, during the first quarter worth $135,000. Harfst & Associates Inc. purchased a new stake in McCormick & Company, during the first quarter worth $139,000. Van ECK Associates Corp increased its stake in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock worth $165,000 after buying an additional 109 shares during the period. Pacer Advisors Inc. increased its stake in McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock worth $195,000 after buying an additional 66 shares during the period. Finally, Charter Trust Co. purchased a new stake in McCormick & Company, during the first quarter worth $202,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated (MKC) opened at 95.05 on Tuesday. The stock has a 50 day moving average of $97.65 and a 200-day moving average of $99.00. The company has a market cap of $11.84 billion, a PE ratio of 25.25 and a beta of 0.52. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. On average, equities research analysts predict that McCormick & Company, Incorporated will post $4.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 10th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. McCormick & Company,’s dividend payout ratio is 49.87%.

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A number of research firms recently weighed in on MKC. Zacks Investment Research downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a report on Thursday, July 27th. BidaskClub downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Credit Suisse Group set a $108.00 price objective on McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on McCormick & Company, in a report on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $104.00.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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