UMB Bank N A MO cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,905 shares of the company’s stock after selling 175 shares during the period. UMB Bank N A MO’s holdings in McCormick & Company, were worth $1,648,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new position in McCormick & Company, during the first quarter valued at about $135,000. Harfst & Associates Inc. bought a new position in McCormick & Company, during the first quarter valued at about $139,000. Van ECK Associates Corp increased its position in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after buying an additional 109 shares in the last quarter. IFP Advisors Inc increased its position in McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after buying an additional 395 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock valued at $195,000 after buying an additional 66 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Shares of McCormick & Company, Incorporated (MKC) opened at 97.03 on Friday. The firm has a market cap of $12.09 billion, a P/E ratio of 25.77 and a beta of 0.52. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The stock’s 50 day moving average is $95.95 and its 200 day moving average is $99.00.

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

The firm also recently disclosed 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, July 6th. McCormick & Company,’s dividend payout ratio is presently 49.87%.

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Several equities analysts have issued reports on MKC shares. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Monday, June 19th. Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $110.00 in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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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