Stifel Financial Corp Has $23.20 Million Holdings in McCormick & Company, Incorporated (MKC)

Stifel Financial Corp boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 12.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,214 shares of the company’s stock after buying an additional 25,725 shares during the period. Stifel Financial Corp owned 0.17% of McCormick & Company, Incorporated worth $23,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of McCormick & Company, Incorporated by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after purchasing an additional 301,377 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 81.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock valued at $167,208,000 after purchasing an additional 733,375 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 19.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after purchasing an additional 177,210 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of McCormick & Company, Incorporated by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,026,505 shares of the company’s stock valued at $105,360,000 after purchasing an additional 11,005 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of McCormick & Company, Incorporated by 26.6% during the second quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock valued at $96,252,000 after purchasing an additional 207,600 shares during the last quarter. 76.25% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated (NYSE:MKC) traded down $1.52 on Wednesday, hitting $102.96. The stock had a trading volume of 1,012,400 shares, compared to its average volume of 890,823. McCormick & Company, Incorporated has a 52 week low of $89.26 and a 52 week high of $106.50. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. The stock has a market cap of $13,686.57, a P/E ratio of 26.32, a PEG ratio of 2.38 and a beta of 0.53.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, September 28th. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.07. McCormick & Company, Incorporated had a return on equity of 26.09% and a net margin of 10.05%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business earned $1.03 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. equities analysts forecast that McCormick & Company, Incorporated will post 4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, December 28th. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.02%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 51.93%.

Several equities research analysts have recently commented on MKC shares. Credit Suisse Group reaffirmed a “buy” rating and set a $115.00 target price (up from $112.00) on shares of McCormick & Company, Incorporated in a report on Friday, September 29th. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Monday, October 2nd. BidaskClub raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group reaffirmed a “buy” rating and set a $110.00 target price on shares of McCormick & Company, Incorporated in a report on Thursday, August 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price objective (up from $95.00) on shares of McCormick & Company, Incorporated in a research note on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $106.00.

In other news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the transaction, the director now owns 18,825 shares of the company’s stock, valued at approximately $1,873,087.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Smith sold 5,500 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $102.60, for a total value of $564,300.00. Following the transaction, the vice president now directly owns 19,248 shares in the company, valued at approximately $1,974,844.80. The disclosure for this sale can be found here. Insiders have sold a total of 16,000 shares of company stock valued at $1,598,490 over the last ninety days. Company insiders own 15.30% of the company’s stock.

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McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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