United Fire Group Inc. held its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in McCormick & Company, were worth $195,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock worth $1,015,049,000 after buying an additional 9,420,526 shares during the period. Pioneer Investment Management Inc. boosted its stake in shares of McCormick & Company, by 630.5% in the first quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock worth $84,457,000 after buying an additional 747,268 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of McCormick & Company, during the first quarter worth $72,060,000. Harbour Capital Advisors LLC boosted its stake in shares of McCormick & Company, by 22,166.5% in the second quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock worth $7,410,000 after buying an additional 719,304 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of McCormick & Company, by 3.6% in the first quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock worth $1,166,965,000 after buying an additional 420,241 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) opened at 95.20 on Friday. The stock has a market capitalization of $11.86 billion, a PE ratio of 25.29 and a beta of 0.52. The stock has a 50 day moving average price of $96.03 and a 200 day moving average price of $98.97. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Equities analysts forecast that McCormick & Company, Incorporated will post $4.08 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, July 6th. McCormick & Company,’s payout ratio is currently 49.87%.

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A number of equities research analysts recently weighed in on MKC shares. Zacks Investment Research cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Friday, May 19th. Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective for the company. Finally, BidaskClub cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target 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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