Ramsay Stattman Vela & Price Inc. Sells 1,020 Shares of MCCORMICK & CO /SH NV (MKC)

Share on StockTwits

Ramsay Stattman Vela & Price Inc. cut its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,497 shares of the company’s stock after selling 1,020 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in MCCORMICK & CO /SH were worth $4,107,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in MCCORMICK & CO /SH by 89.1% in the 2nd quarter. FMR LLC now owns 916,815 shares of the company’s stock valued at $106,433,000 after purchasing an additional 431,896 shares during the last quarter. Janus Henderson Group PLC raised its stake in MCCORMICK & CO /SH by 43.4% in the 3rd quarter. Janus Henderson Group PLC now owns 346,374 shares of the company’s stock valued at $45,632,000 after purchasing an additional 104,875 shares during the last quarter. BlackRock Inc. raised its stake in MCCORMICK & CO /SH by 1.0% in the 3rd quarter. BlackRock Inc. now owns 9,519,976 shares of the company’s stock valued at $1,254,258,000 after purchasing an additional 96,798 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in MCCORMICK & CO /SH in the 4th quarter valued at about $11,418,000. Finally, Vanguard Group Inc raised its stake in MCCORMICK & CO /SH by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 13,463,310 shares of the company’s stock valued at $1,773,790,000 after purchasing an additional 79,040 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Several research analysts recently weighed in on MKC shares. Credit Suisse Group set a $108.00 target price on shares of MCCORMICK & CO /SH and gave the company a “buy” rating in a research note on Thursday, December 20th. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Monday, December 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 target price on shares of MCCORMICK & CO /SH in a research note on Monday, January 28th. Deutsche Bank raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Consumer Edge raised shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $130.63.

In other news, VP Christina M. Mcmullen sold 400 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $147.44, for a total transaction of $58,976.00. Following the completion of the transaction, the vice president now owns 624 shares of the company’s stock, valued at approximately $92,002.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 19.20% of the company’s stock.

NYSE MKC opened at $127.24 on Monday. MCCORMICK & CO /SH NV has a 12 month low of $99.53 and a 12 month high of $156.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.74 and a quick ratio of 0.35. The stock has a market cap of $16.74 billion, a PE ratio of 25.60, a P/E/G ratio of 2.68 and a beta of 0.22.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 24th. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.03). MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company earned $1.54 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, analysts expect that MCCORMICK & CO /SH NV will post 5.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 14th. Stockholders of record on Monday, December 31st were paid a dividend of $0.57 per share. The ex-dividend date was Friday, December 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. MCCORMICK & CO /SH’s dividend payout ratio is currently 45.88%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Macon Daily and is the property of of Macon Daily. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://macondaily.com/2019/02/11/ramsay-stattman-vela-price-inc-sells-1020-shares-of-mccormick-co-sh-nv-mkc.html.

MCCORMICK & CO /SH Company 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.

Read More: Derivative

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

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply