F3Logic LLC purchased a new position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 11,410 shares of the company’s stock, valued at approximately $1,757,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fruth Investment Management boosted its stake in shares of MCCORMICK & CO /SH by 1.8% during the 1st quarter. Fruth Investment Management now owns 21,465 shares of the company’s stock worth $3,233,000 after purchasing an additional 375 shares during the last quarter. Pratt Collard Advisory Partners LLC boosted its stake in shares of MCCORMICK & CO /SH by 24.3% during the 1st quarter. Pratt Collard Advisory Partners LLC now owns 2,120 shares of the company’s stock worth $319,000 after purchasing an additional 415 shares during the last quarter. Prudential PLC boosted its stake in shares of MCCORMICK & CO /SH by 66.7% during the 4th quarter. Prudential PLC now owns 9,334 shares of the company’s stock worth $1,300,000 after purchasing an additional 3,734 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of MCCORMICK & CO /SH during the 4th quarter worth about $448,000. Finally, McCollum Christoferson Group LLC boosted its stake in shares of MCCORMICK & CO /SH by 0.5% during the 1st quarter. McCollum Christoferson Group LLC now owns 35,836 shares of the company’s stock worth $5,398,000 after purchasing an additional 173 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

In related news, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $140.00, for a total value of $12,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christina M. Mcmullen sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $154.00, for a total transaction of $308,000.00. Following the completion of the transaction, the vice president now owns 3,211 shares in the company, valued at approximately $494,494. The disclosure for this sale can be found here. Insiders sold 195,600 shares of company stock worth $28,628,076 in the last 90 days. 11.00% of the stock is currently owned by insiders.

Shares of MKC stock traded up $0.07 during trading hours on Wednesday, hitting $154.60. 1,692 shares of the company were exchanged, compared to its average volume of 755,467. The firm has a market cap of $20.33 billion, a P/E ratio of 31.14, a PEG ratio of 3.25 and a beta of 0.26. MCCORMICK & CO /SH NV has a 1 year low of $99.53 and a 1 year high of $157.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.78 and a quick ratio of 0.34.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. MCCORMICK & CO /SH had a net margin of 12.19% and a return on equity of 21.41%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. Analysts expect that MCCORMICK & CO /SH NV will post 5.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, April 5th. This represents a $2.28 annualized dividend and a yield of 1.47%. MCCORMICK & CO /SH’s payout ratio is 45.88%.

Several research analysts have recently weighed in on MKC shares. Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Consumer Edge upgraded shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of MCCORMICK & CO /SH in a report on Monday, January 28th. Finally, Zacks Investment Research lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.57.

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About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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