Aviva PLC Trims Stock Holdings in MCCORMICK & CO /SH NV (NYSE:MKC)

Aviva PLC decreased its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,372 shares of the company’s stock after selling 880 shares during the period. Aviva PLC’s holdings in MCCORMICK & CO /SH were worth $7,033,000 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. Fundsmith LLP grew its stake in MCCORMICK & CO /SH by 93.6% during the first quarter. Fundsmith LLP now owns 5,204,584 shares of the company’s stock valued at $783,966,000 after acquiring an additional 2,515,590 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in MCCORMICK & CO /SH by 16,307.6% during the second quarter. Thoroughbred Financial Services LLC now owns 552,117 shares of the company’s stock valued at $55,212,000 after acquiring an additional 548,752 shares in the last quarter. Janus Henderson Group PLC grew its stake in MCCORMICK & CO /SH by 62.7% during the first quarter. Janus Henderson Group PLC now owns 1,352,114 shares of the company’s stock valued at $203,669,000 after acquiring an additional 520,816 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in MCCORMICK & CO /SH by 83.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 612,649 shares of the company’s stock valued at $92,284,000 after acquiring an additional 278,184 shares in the last quarter. Finally, BlackRock Inc. grew its stake in MCCORMICK & CO /SH by 2.6% during the first quarter. BlackRock Inc. now owns 10,738,844 shares of the company’s stock valued at $1,617,593,000 after acquiring an additional 275,507 shares in the last quarter. Hedge funds and other institutional investors own 79.22% of the company’s stock.

Several equities analysts recently commented on the stock. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 target price for the company in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of MCCORMICK & CO /SH from $143.00 to $148.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Citigroup lifted their target price on shares of MCCORMICK & CO /SH from $155.00 to $166.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Finally, UBS Group set a $155.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $142.67.

Shares of MKC opened at $167.13 on Wednesday. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 3.85 and a beta of 0.18. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 1.18. MCCORMICK & CO /SH NV has a fifty-two week low of $119.00 and a fifty-two week high of $167.73. The business has a 50 day simple moving average of $159.29.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings data on Thursday, June 27th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. MCCORMICK & CO /SH had a net margin of 12.73% and a return on equity of 21.42%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. Equities research analysts forecast that MCCORMICK & CO /SH NV will post 5.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.36%. MCCORMICK & CO /SH’s payout ratio is 45.88%.

In other news, VP Michael R. Smith sold 9,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $160.84, for a total value of $1,463,644.00. Following the completion of the sale, the vice president now directly owns 30,453 shares in the company, valued at approximately $4,898,060.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nneka Louise Rimmer sold 2,070 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $154.02, for a total transaction of $318,821.40. Following the completion of the sale, the vice president now owns 6,209 shares of the company’s stock, valued at $956,310.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,035 shares of company stock valued at $2,378,874. Company insiders own 11.00% of the company’s stock.

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.

Featured Story: What is a balanced fund?

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCCORMICK & CO /SH NV (NYSE:MKC).

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.