Clarkston Capital Partners LLC decreased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 491,032 shares of the company’s stock after selling 4,087 shares during the quarter. McCormick & Company, Incorporated accounts for approximately 1.9% of Clarkston Capital Partners LLC’s portfolio, making the stock its 17th biggest position. Clarkston Capital Partners LLC’s holdings in McCormick & Company, Incorporated were worth $50,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKC. Zions Bancorporation raised its position in McCormick & Company, Incorporated by 5,071.4% during the third quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock worth $111,000 after acquiring an additional 1,065 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in McCormick & Company, Incorporated by 136.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after acquiring an additional 866 shares during the last quarter. BlueMountain Capital Management LLC raised its position in McCormick & Company, Incorporated by 1,600.0% during 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 during the last quarter. Dupont Capital Management Corp acquired a new position in McCormick & Company, Incorporated during the third quarter worth about $173,000. Finally, YorkBridge Wealth Partners LLC acquired a new position in McCormick & Company, Incorporated during the third quarter worth about $174,000. Hedge funds and other institutional investors own 76.13% of the company’s stock.

A number of equities analysts have issued reports on the stock. Jefferies Group set a $115.00 target price on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Saturday, October 7th. Stifel Nicolaus restated a “hold” rating and set a $103.00 target price (up previously from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Credit Suisse Group set a $115.00 target price on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Citigroup lifted their target price 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. Finally, Zacks Investment Research upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $106.22.

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

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded down $3.72 during midday trading on Monday, hitting $99.19. 2,891,500 shares of the stock were exchanged, compared to its average volume of 927,669. The stock has a market capitalization of $12,980.00, a P/E ratio of 27.48, a PEG ratio of 2.24 and a beta of 0.53. McCormick & Company, Incorporated has a 1-year low of $90.25 and a 1-year 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.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was 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 dividend yield of 2.10%. McCormick & Company, Incorporated’s payout ratio is 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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