McCormick & Company, Incorporated $MKC Stock Position Increased by Midwest Trust Co

Midwest Trust Co increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,278 shares of the company’s stock after buying an additional 19,334 shares during the quarter. Midwest Trust Co’s holdings in McCormick & Company, Incorporated were worth $9,486,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewEdge Wealth LLC acquired a new position in McCormick & Company, Incorporated during the fourth quarter worth about $421,000. Legacy Wealth Managment LLC ID bought a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $40,000. Crossmark Global Holdings Inc. lifted its holdings in McCormick & Company, Incorporated by 1.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 15,653 shares of the company’s stock valued at $1,066,000 after acquiring an additional 184 shares during the last quarter. Ethic Inc. boosted its position in shares of McCormick & Company, Incorporated by 12.8% during the 4th quarter. Ethic Inc. now owns 71,164 shares of the company’s stock valued at $4,847,000 after purchasing an additional 8,089 shares in the last quarter. Finally, Generali Asset Management SPA SGR boosted its position in shares of McCormick & Company, Incorporated by 65.5% during the 4th quarter. Generali Asset Management SPA SGR now owns 31,551 shares of the company’s stock valued at $2,149,000 after purchasing an additional 12,484 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of McCormick & Company, Incorporated stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director directly owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This trade represents a 220.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.63, for a total value of $3,581,500.00. Following the completion of the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $21,273,536.96. This trade represents a 14.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays dropped their target price on shares of McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings restated a “hold (c-)” rating on shares of McCormick & Company, Incorporated in a research report on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on McCormick & Company, Incorporated from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. BTIG Research started coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. Finally, UBS Group reduced their price objective on McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $64.27.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $48.29 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 1 year low of $47.30 and a 1 year high of $78.16. The company has a market cap of $12.98 billion, a PE ratio of 7.92, a PEG ratio of 2.37 and a beta of 0.68. The stock’s 50-day moving average price is $55.38 and its two-hundred day moving average price is $62.60.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 31st. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.79 billion. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. On average, analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $1.92 dividend on an annualized basis and a yield of 4.0%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 31.48%.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.