McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings Lessened by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,046 shares of the company’s stock after selling 1,350 shares during the quarter. Vaughan David Investments LLC IL’s holdings in McCormick & Company, Incorporated were worth $4,642,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. First National Bank of South Miami lifted its position in McCormick & Company, Incorporated by 843.8% in the 4th quarter. First National Bank of South Miami now owns 302 shares of the company’s stock valued at $29,000 after purchasing an additional 270 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $29,000. Lumature Wealth Partners LLC lifted its position in McCormick & Company, Incorporated by 65.3% in the 4th quarter. Lumature Wealth Partners LLC now owns 324 shares of the company’s stock valued at $31,000 after purchasing an additional 128 shares during the last quarter. Missouri Trust & Investment Co bought a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $34,000. Finally, Bell Investment Advisors Inc bought a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at about $32,000. Institutional investors own 74.86% of the company’s stock.

In related news, CFO Michael R. Smith sold 19,986 shares of the business’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $104.04, for a total value of $2,079,343.44. Following the sale, the chief financial officer now directly owns 93,025 shares in the company, valued at approximately $9,678,321. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.90% of the stock is owned by insiders.

Shares of MKC traded up $2.40 during mid-day trading on Friday, hitting $100.27. The company’s stock had a trading volume of 945,926 shares, compared to its average volume of 1,041,404. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.32. The firm has a 50-day moving average price of $99.50 and a 200 day moving average price of $94.91. McCormick & Company, Incorporated has a fifty-two week low of $77.85 and a fifty-two week high of $107.35. The stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 5.08 and a beta of 0.45.

McCormick & Company, Incorporated (NYSE:MKC – Get Rating) last released its earnings results on Tuesday, March 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. McCormick & Company, Incorporated had a net margin of 11.77% and a return on equity of 18.00%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 25th. Investors of record on Monday, April 11th were issued a $0.37 dividend. The ex-dividend date was Friday, April 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. McCormick & Company, Incorporated’s payout ratio is currently 53.43%.

MKC has been the topic of several recent research reports. Credit Suisse Group downgraded shares of McCormick & Company, Incorporated from an “outperform” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, January 19th. Argus upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Thursday, February 17th. They noted that the move was a valuation call. StockNews.com began coverage on shares of McCormick & Company, Incorporated in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of McCormick & Company, Incorporated from $96.00 to $99.00 in a research report on Wednesday, March 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $99.80.

About McCormick & Company, Incorporated (Get Rating)

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.

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