Trust Co. of Vermont Has $4.79 Million Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Trust Co. of Vermont trimmed its stake in McCormick & Company, Incorporated (NYSE:MKC) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,883 shares of the company’s stock after selling 3,919 shares during the period. Trust Co. of Vermont’s holdings in McCormick & Company, Incorporated were worth $4,794,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MKC. American Century Companies Inc. raised its stake in shares of McCormick & Company, Incorporated by 98.0% in the 2nd quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock valued at $3,302,000 after buying an additional 23,033 shares in the last quarter. Moors & Cabot Inc. acquired a new position in McCormick & Company, Incorporated in the second quarter worth about $238,000. Mercer Global Advisors Inc. ADV boosted its holdings in McCormick & Company, Incorporated by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 21,338 shares of the company’s stock valued at $1,514,000 after purchasing an additional 1,350 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of McCormick & Company, Incorporated by 13.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,863 shares of the company’s stock valued at $1,480,000 after purchasing an additional 2,469 shares during the period. Finally, Waterloo Capital L.P. lifted its position in shares of McCormick & Company, Incorporated by 78.7% during the 2nd quarter. Waterloo Capital L.P. now owns 5,553 shares of the company’s stock worth $394,000 after buying an additional 2,445 shares during the period. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock traded down $0.27 on Friday, reaching $73.35. The company had a trading volume of 1,845,003 shares, compared to its average volume of 1,374,659. The business’s 50-day moving average is $76.90 and its 200 day moving average is $77.83. McCormick & Company, Incorporated has a one year low of $63.88 and a one year high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $19.69 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75.

McCormick & Company, Incorporated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were paid a $0.45 dividend. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.80 annualized dividend and a yield of 2.45%. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.22%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $78.50, for a total transaction of $392,500.00. Following the sale, the director now directly owns 40,436 shares of the company’s stock, valued at approximately $3,174,226. This trade represents a 11.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 20,000 shares of company stock worth $1,565,850 over the last quarter. Corporate insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MKC shares. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Bank of America boosted their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Moderate Buy” and an average target price of $82.63.

McCormick & Company, Incorporated Company 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.