New Hampshire Trust Sells 249 Shares of McCormick & Company, Incorporated (NYSE:MKC)

New Hampshire Trust lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,347 shares of the company’s stock after selling 249 shares during the quarter. New Hampshire Trust’s holdings in McCormick & Company, Incorporated were worth $331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth $28,000. Rosenberg Matthew Hamilton purchased a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $38,000. Strategic Investment Solutions Inc. IL bought a new position in McCormick & Company, Incorporated during the 2nd quarter worth about $39,000. Kennebec Savings Bank purchased a new position in McCormick & Company, Incorporated during the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $49,000. Institutional investors own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MKC shares. Jefferies Financial Group upgraded 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 note on Monday, December 9th. Bank of America lifted their price target on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their price objective on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Finally, BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.63.

McCormick & Company, Incorporated Trading Down 0.4 %

NYSE MKC opened at $73.35 on Tuesday. McCormick & Company, Incorporated has a 12-month low of $63.88 and a 12-month high of $85.49. The company has a fifty day simple moving average of $76.82 and a two-hundred day simple moving average of $77.96. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The stock has a market cap of $19.69 billion, a P/E ratio of 24.95, a P/E/G ratio of 3.24 and a beta of 0.75.

McCormick & Company, Incorporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were given a dividend of $0.45 per share. The ex-dividend date was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.45%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. McCormick & Company, Incorporated’s payout ratio is currently 61.22%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $78.50, for a total value 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 represents a 11.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 20,000 shares of company stock worth $1,565,850. 22.90% of the stock is currently owned by insiders.

About McCormick & Company, Incorporated

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.