Koshinski Asset Management Inc. Has $472,000 Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Koshinski Asset Management Inc. lifted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 40.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,190 shares of the company’s stock after acquiring an additional 1,792 shares during the quarter. Koshinski Asset Management Inc.’s holdings in McCormick & Company, Incorporated were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Diversify Wealth Management LLC increased its stake in shares of McCormick & Company, Incorporated by 86.9% in the fourth quarter. Diversify Wealth Management LLC now owns 28,249 shares of the company’s stock worth $2,017,000 after acquiring an additional 13,132 shares during the last quarter. Hall Laurie J Trustee increased its stake in shares of McCormick & Company, Incorporated by 46.9% in the fourth quarter. Hall Laurie J Trustee now owns 45,725 shares of the company’s stock worth $3,486,000 after acquiring an additional 14,595 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of McCormick & Company, Incorporated by 7.3% in the fourth quarter. HB Wealth Management LLC now owns 5,642 shares of the company’s stock worth $430,000 after acquiring an additional 384 shares during the last quarter. Spring Capital Management LLC increased its stake in shares of McCormick & Company, Incorporated by 2.7% in the fourth quarter. Spring Capital Management LLC now owns 59,466 shares of the company’s stock worth $4,534,000 after acquiring an additional 1,590 shares during the last quarter. Finally, DB Fitzpatrick & Co Inc increased its stake in shares of McCormick & Company, Incorporated by 14.8% in the fourth quarter. DB Fitzpatrick & Co Inc now owns 14,549 shares of the company’s stock worth $1,109,000 after acquiring an additional 1,874 shares during the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Down 1.4 %

Shares of NYSE:MKC opened at $73.19 on Thursday. The company has a market cap of $19.64 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.24 and a beta of 0.75. The stock’s 50-day moving average is $76.70 and its 200-day moving average is $78.01. McCormick & Company, Incorporated has a 52-week low of $64.33 and a 52-week high of $85.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.71.

McCormick & Company, Incorporated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Monday, December 30th. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.22%.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.34, for a total value of $386,700.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at approximately $2,182,302.78. This trade represents a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 20,000 shares of company stock worth $1,565,850. Company insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus increased their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.63.

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.