UBS Asset Management Americas Inc. boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 103.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,224,839 shares of the company’s stock after buying an additional 622,786 shares during the period. UBS Asset Management Americas Inc.’s holdings in McCormick & Company, Incorporated were worth $117,095,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. WealthPLAN Partners LLC increased its stake in shares of McCormick & Company, Incorporated by 6.8% in the third quarter. WealthPLAN Partners LLC now owns 1,828 shares of the company’s stock worth $338,000 after buying an additional 116 shares during the period. Focused Wealth Management Inc grew its holdings in McCormick & Company, Incorporated by 100.0% in the 4th quarter. Focused Wealth Management Inc now owns 282 shares of the company’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of McCormick & Company, Incorporated by 100.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 282 shares of the company’s stock valued at $27,000 after acquiring an additional 141 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of McCormick & Company, Incorporated by 75.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 331 shares of the company’s stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its stake in shares of McCormick & Company, Incorporated by 59.0% during the fourth quarter. Berman Capital Advisors LLC now owns 469 shares of the company’s stock valued at $44,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 37.49% of the company’s stock.

Separately, Argus restated a “hold” rating on shares of McCormick & Company, Incorporated in a report on Tuesday, March 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $87.64.

Shares of NYSE MKC opened at $89.16 on Thursday. The firm has a fifty day simple moving average of $86.53 and a two-hundred day simple moving average of $92.43. The firm has a market capitalization of $23.80 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 5.74 and a beta of 0.44. The company has a current ratio of 0.90, a quick ratio of 0.42 and a debt-to-equity ratio of 0.95. McCormick & Company, Incorporated has a 12 month low of $72.79 and a 12 month high of $105.54.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Monday, March 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.14. McCormick & Company, Incorporated had a net margin of 13.75% and a return on equity of 20.93%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, sell-side analysts predict that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 26th. Stockholders of record on Monday, April 12th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, April 9th. McCormick & Company, Incorporated’s payout ratio is presently 50.94%.

McCormick & Company, Incorporated Profile

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 & Company, Incorporated (NYSE:MKC)

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