Pioneer Investment Management Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 895,695 shares of the company’s stock after buying an additional 29,910 shares during the period. Pioneer Investment Management Inc.’s holdings in McCormick & Company, were worth $87,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKC. Vanguard Group Inc. increased its position in McCormick & Company, by 3.6% in the first quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock valued at $1,166,965,000 after buying an additional 420,241 shares during the last quarter. BlackRock Inc. increased its position in McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock valued at $1,015,049,000 after buying an additional 9,420,526 shares during the last quarter. State Street Corp increased its position in McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock valued at $707,872,000 after buying an additional 368,990 shares during the last quarter. Parnassus Investments CA increased its position in McCormick & Company, by 14.7% in the first quarter. Parnassus Investments CA now owns 2,426,180 shares of the company’s stock valued at $230,627,000 after buying an additional 310,021 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock valued at $117,631,000 after buying an additional 74,953 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of McCormick & Company, Incorporated (NYSE MKC) opened at 95.05 on Tuesday. The company has a market capitalization of $11.84 billion, a PE ratio of 25.25 and a beta of 0.52. The firm’s 50-day moving average is $97.65 and its 200-day moving average is $99.00. McCormick & Company, Incorporated has a 12-month low of $88.64 and a 12-month high of $106.50.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were paid a dividend of $0.47 per share. The ex-dividend date 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 presently 49.87%.

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

About McCormick & Company,

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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