Roffman Miller Associates Inc. PA Lowers Stake in McCormick & Company, Incorporated (NYSE:MKC)

Roffman Miller Associates Inc. PA decreased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 360,426 shares of the company’s stock after selling 8,411 shares during the period. McCormick & Company, Incorporated accounts for approximately 1.8% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 23rd largest holding. Roffman Miller Associates Inc. PA’s holdings in McCormick & Company, Incorporated were worth $24,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MKC. Avior Wealth Management LLC increased its stake in McCormick & Company, Incorporated by 91.9% in the third quarter. Avior Wealth Management LLC now owns 1,182 shares of the company’s stock valued at $89,000 after purchasing an additional 566 shares during the last quarter. Royal Fund Management LLC increased its stake in shares of McCormick & Company, Incorporated by 51.3% during the 3rd quarter. Royal Fund Management LLC now owns 6,668 shares of the company’s stock valued at $512,000 after acquiring an additional 2,260 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 80.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 16,610 shares of the company’s stock worth $1,256,000 after acquiring an additional 7,397 shares during the period. KFG Wealth Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 15.0% during the 3rd quarter. KFG Wealth Management LLC now owns 5,071 shares of the company’s stock worth $384,000 after acquiring an additional 661 shares during the period. Finally, SS&H Financial Advisors Inc. acquired a new stake in shares of McCormick & Company, Incorporated in the third quarter worth approximately $202,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, insider Katherine Jenkins sold 1,726 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $74.35, for a total transaction of $128,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Katherine Jenkins sold 1,726 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patricia A. Little sold 20,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.57, for a total value of $1,511,400.00. Following the completion of the transaction, the director now directly owns 24,732 shares of the company’s stock, valued at $1,868,997.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,726 shares of company stock worth $2,504,728. 22.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MKC has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, January 26th. Citigroup upped their price objective on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Wednesday, March 27th. Stifel Nicolaus lifted their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Consumer Edge lowered McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 22nd. Finally, Barclays raised their price objective on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.88.

McCormick & Company, Incorporated Stock Up 0.4 %

NYSE MKC traded up $0.32 during trading hours on Friday, reaching $75.88. 435,293 shares of the company traded hands, compared to its average volume of 2,043,098. The stock has a market capitalization of $20.37 billion, a PE ratio of 28.84, a PEG ratio of 3.89 and a beta of 0.74. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $94.39. The company has a 50 day moving average of $71.42 and a two-hundred day moving average of $67.75.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. As a group, equities analysts expect that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Friday, April 5th. McCormick & Company, Incorporated’s dividend payout ratio is presently 64.12%.

McCormick & Company, Incorporated Company Profile

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.