Exxonmobil Investment Management Inc. TX decreased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,040 shares of the company’s stock after selling 2,675 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in McCormick & Company, Incorporated were worth $1,940,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 2.5% during the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after acquiring an additional 301,377 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of McCormick & Company, Incorporated by 81.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock worth $167,208,000 after acquiring an additional 733,375 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 19.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock worth $104,049,000 after acquiring an additional 177,210 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of McCormick & Company, Incorporated by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,026,505 shares of the company’s stock worth $105,360,000 after acquiring an additional 11,005 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of McCormick & Company, Incorporated by 26.6% during the second quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock worth $96,252,000 after acquiring an additional 207,600 shares during the last quarter. Institutional investors and hedge funds own 76.19% of the company’s stock.

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $99.50, for a total value of $497,500.00. Following the completion of the transaction, the director now directly owns 18,825 shares of the company’s stock, valued at $1,873,087.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. Insiders own 15.30% of the company’s stock.

A number of equities research analysts recently commented on the company. Jefferies Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Saturday, October 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Credit Suisse Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Tuesday, December 12th. Citigroup lifted their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $106.67.

McCormick & Company, Incorporated (NYSE:MKC) opened at $101.01 on Tuesday. McCormick & Company, Incorporated has a twelve month low of $90.25 and a twelve month high of $106.50. The stock has a market capitalization of $13,250.00, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.52 dividend. The ex-dividend date is Thursday, December 28th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a yield of 2.06%. McCormick & Company, Incorporated’s payout ratio is presently 57.62%.

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About McCormick & Company, Incorporated

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, Incorporated (NYSE:MKC)

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