Securian Asset Management Inc Sells 200 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Securian Asset Management Inc lowered its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,170 shares of the company’s stock after selling 200 shares during the period. Securian Asset Management Inc’s holdings in McCormick & Company, Incorporated were worth $1,870,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Paragon Wealth Strategies LLC acquired a new stake in McCormick & Company, Incorporated during the second quarter worth approximately $26,000. Ameritas Investment Company LLC acquired a new stake in McCormick & Company, Incorporated during the first quarter worth approximately $35,000. Vigilant Capital Management LLC lifted its position in McCormick & Company, Incorporated by 159.3% during the second quarter. Vigilant Capital Management LLC now owns 420 shares of the company’s stock worth $37,000 after acquiring an additional 258 shares during the last quarter. Certified Advisory Corp acquired a new stake in shares of McCormick & Company, Incorporated in the first quarter valued at approximately $38,000. Finally, E Fund Management Co. Ltd. acquired a new stake in shares of McCormick & Company, Incorporated in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 74.10% of the company’s stock.

Shares of MKC opened at $85.08 on Wednesday. McCormick & Company, Incorporated has a one year low of $82.03 and a one year high of $101.67. The company has a market cap of $22.74 billion, a P/E ratio of 30.55, a P/E/G ratio of 4.13 and a beta of 0.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $86.04 and a two-hundred day simple moving average of $87.64.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Wednesday, June 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. McCormick & Company, Incorporated had a net margin of 12.48% and a return on equity of 19.50%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that McCormick & Company, Incorporated will post 3.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 26th. Shareholders of record on Monday, July 12th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, July 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.60%. McCormick & Company, Incorporated’s payout ratio is presently 48.06%.

In other McCormick & Company, Incorporated news, Director Freeman A. Hrabowski III sold 2,870 shares of the business’s stock in a transaction on Friday, August 20th. The shares were sold at an average price of $87.50, for a total transaction of $251,125.00. Following the sale, the director now owns 92,983 shares of the company’s stock, valued at $8,136,012.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.90% of the company’s stock.

A number of research firms have recently weighed in on MKC. Credit Suisse Group dropped their price target on shares of McCormick & Company, Incorporated from $104.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price target on shares of McCormick & Company, Incorporated in a research report on Friday, July 2nd.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacture, market and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and foodservice businesses. It operates through the following segments: Consumer and Flavor Solutions. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao.

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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