Boston Common Asset Management LLC Sells 7,763 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Boston Common Asset Management LLC lowered its stake in McCormick & Company, Incorporated (NYSE:MKC) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 146,840 shares of the company’s stock after selling 7,763 shares during the period. Boston Common Asset Management LLC’s holdings in McCormick & Company, Incorporated were worth $11,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $20,227,000. Hemenway Trust Co LLC raised its position in McCormick & Company, Incorporated by 71.5% during the third quarter. Hemenway Trust Co LLC now owns 140,362 shares of the company’s stock valued at $11,552,000 after purchasing an additional 58,511 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in McCormick & Company, Incorporated by 57.6% during the third quarter. Oppenheimer & Co. Inc. now owns 40,077 shares of the company’s stock worth $3,298,000 after purchasing an additional 14,652 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of McCormick & Company, Incorporated by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 139,728 shares of the company’s stock valued at $11,500,000 after purchasing an additional 24,881 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at $1,104,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 0.2 %

NYSE MKC traded up $0.18 on Friday, hitting $73.80. The company’s stock had a trading volume of 215,654 shares, compared to its average volume of 1,711,555. The company’s 50-day moving average is $76.96 and its 200 day moving average is $77.86. The firm has a market cap of $19.80 billion, a PE ratio of 25.08, a PEG ratio of 3.07 and a beta of 0.75. McCormick & Company, Incorporated has a 1-year low of $63.88 and a 1-year high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.44%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.22%.

Analyst Ratings Changes

Several analysts recently weighed in on MKC shares. BNP Paribas upgraded McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Bank of America raised their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Stifel Nicolaus raised their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.63.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $77.34, for a total value of $386,700.00. Following the sale, the director now owns 28,217 shares in the company, valued at approximately $2,182,302.78. The trade was a 15.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 20,000 shares of company stock valued at $1,565,850 in the last three months. Insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.