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McCormick & Company, Incorporated (NYSE:MKC) Insider Katherine Jenkins Sells 2,732 Shares


McCormick & Company, Incorporated (NYSE:MKCGet Free Report) insider Katherine Jenkins sold 2,732 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $75.91, for a total value of $207,386.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Katherine Jenkins also recently made the following trade(s):

  • On Monday, April 22nd, Katherine Jenkins sold 1,726 shares of McCormick & Company, Incorporated stock. The stock was sold at an average price of $74.35, for a total transaction of $128,328.10.

McCormick & Company, Incorporated Stock Performance

MKC opened at $74.63 on Thursday. The business has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $69.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.68 and a quick ratio of 0.30. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 3.88 and a beta of 0.73. McCormick & Company, Incorporated has a 1-year low of $59.13 and a 1-year high of $94.39.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. McCormick & Company, Incorporated had a net margin of 10.56% and a return on equity of 14.45%. McCormick & Company, Incorporated’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Research analysts predict that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, April 5th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 64.12%.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently modified their holdings of MKC. Anchor Investment Management LLC purchased a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $36,000. Milestone Investment Advisors LLC purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter worth approximately $47,000. VisionPoint Advisory Group LLC acquired a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $44,000. Private Trust Co. NA grew its holdings in shares of McCormick & Company, Incorporated by 59.1% during the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock valued at $53,000 after acquiring an additional 290 shares in the last quarter. Finally, Valley National Advisers Inc. grew its stake in McCormick & Company, Incorporated by 283.9% in the fourth quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock valued at $53,000 after purchasing an additional 582 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MKC shares. Citigroup upped their target price on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the company a “sell” rating in a report on Wednesday, March 27th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, April 2nd. Stifel Nicolaus increased their target price on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reduced 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 report on Friday, January 26th. Finally, Consumer Edge lowered shares of McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.88.

View Our Latest Stock Report on McCormick & Company, Incorporated

McCormick & Company, Incorporated Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for McCormick & Company, Incorporated (NYSE:MKC)



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