Level Four Advisory Services LLC Purchases 767 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Level Four Advisory Services LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,241 shares of the company’s stock after buying an additional 767 shares during the period. Level Four Advisory Services LLC’s holdings in McCormick & Company, Incorporated were worth $5,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Curio Wealth LLC acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth $30,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated during the 4th quarter valued at about $33,000. Twin Tree Management LP purchased a new stake in McCormick & Company, Incorporated in the fourth quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $37,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Activity

In other news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.2 %

McCormick & Company, Incorporated stock opened at $81.47 on Friday. The firm has a market cap of $21.85 billion, a PE ratio of 27.80, a P/E/G ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24. The stock’s 50 day simple moving average is $79.26 and its two-hundred day simple moving average is $78.87. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. Analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, April 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Ratings Changes

Several brokerages recently commented on MKC. JPMorgan Chase & Co. increased their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research report on Friday, January 24th. Argus downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Barclays reduced their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Finally, Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $85.00 to $91.00 in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.75.

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.