Principal Financial Group Inc. increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,201 shares of the company’s stock after acquiring an additional 1,678 shares during the quarter. Principal Financial Group Inc. owned approximately 0.28% of McCormick & Company, worth $34,097,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in shares of McCormick & Company, in the third quarter worth about $173,000. YorkBridge Wealth Partners LLC acquired a new position in shares of McCormick & Company, in the third quarter worth about $174,000. BlueMountain Capital Management LLC lifted its stake in shares of McCormick & Company, by 1,600.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock worth $167,000 after acquiring an additional 1,616 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after acquiring an additional 395 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in McCormick & Company, during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 69.38% of the company’s stock.

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McCormick & Company, Incorporated (NYSE:MKC) opened at $99.33 on Friday. The company has a market capitalization of $13,050.00, a P/E ratio of 24.83, a PEG ratio of 2.50 and a beta of 0.53. McCormick & Company, Incorporated has a fifty-two week low of $88.64 and a fifty-two week high of $106.50. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. sell-side analysts predict that McCormick & Company, Incorporated will post 4.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is presently 52.08%.

Several brokerages have issued reports on MKC. Stifel Nicolaus restated a “hold” rating and set a $103.00 price objective (up previously from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Credit Suisse Group restated a “buy” rating and set a $115.00 price objective (up previously from $112.00) on shares of McCormick & Company, in a research note on Friday, September 29th. BidaskClub upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Citigroup Inc. upped their price objective on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Thursday, July 27th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.00.

In other news, VP Michael R. Smith sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the transaction, the vice president now directly owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $98.68, for a total value of $296,040.00. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $1,598,490 over the last ninety days. Corporate insiders own 15.30% of the company’s stock.

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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