Tiedemann Wealth Management LLC bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,252 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its position in McCormick & Company, Incorporated by 8.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 389,058 shares of the company’s stock valued at $39,933,000 after purchasing an additional 30,784 shares during the period. Amalgamated Bank lifted its position in McCormick & Company, Incorporated by 8.4% during the third quarter. Amalgamated Bank now owns 14,447 shares of the company’s stock valued at $1,483,000 after purchasing an additional 1,125 shares during the period. Twin Capital Management Inc. acquired a new position in McCormick & Company, Incorporated during the third quarter valued at $930,000. Cadence Capital Management LLC acquired a new position in McCormick & Company, Incorporated during the third quarter valued at $359,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in McCormick & Company, Incorporated by 15.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,671 shares of the company’s stock valued at $993,000 after purchasing an additional 1,259 shares during the period. Institutional investors own 76.24% of the company’s stock.

In related news, Director Maritza Gomez Montiel sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total transaction of $240,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $98.68, for a total transaction of $296,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,000 shares of company stock valued at $1,598,490. Insiders own 15.30% of the company’s stock.

McCormick & Company, Incorporated (NYSE MKC) opened at $102.85 on Friday. The firm has a market cap of $13,385.27, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53. McCormick & Company, Incorporated has a 1 year low of $88.79 and a 1 year high of $106.50. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.52 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. McCormick & Company, Incorporated’s dividend payout ratio is 51.93%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up previously from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Credit Suisse Group reiterated a “buy” rating and issued a $115.00 price objective (up previously from $112.00) on shares of McCormick & Company, Incorporated in a research report on Friday, September 29th. BidaskClub upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, Citigroup upped their price objective on shares of McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $106.00.

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McCormick & Company, Incorporated 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.

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

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