McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Fruth Investment Management

Fruth Investment Management boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 94.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,230 shares of the company’s stock after purchasing an additional 20,015 shares during the period. McCormick & Company, Incorporated makes up 1.4% of Fruth Investment Management’s portfolio, making the stock its 18th biggest position. Fruth Investment Management’s holdings in McCormick & Company, Incorporated were worth $3,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spectrum Management Group LLC boosted its stake in shares of McCormick & Company, Incorporated by 336.6% during the third quarter. Spectrum Management Group LLC now owns 179 shares of the company’s stock valued at $35,000 after purchasing an additional 138 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of McCormick & Company, Incorporated by 100.0% in the 4th quarter. Sound Income Strategies LLC now owns 368 shares of the company’s stock worth $35,000 after purchasing an additional 184 shares during the period. TFC Financial Management purchased a new position in McCormick & Company, Incorporated during the 3rd quarter valued at $36,000. Valeo Financial Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 90.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 189 shares of the company’s stock valued at $37,000 after acquiring an additional 90 shares during the period. Finally, CX Institutional boosted its holdings in McCormick & Company, Incorporated by 137.3% during the 4th quarter. CX Institutional now owns 401 shares of the company’s stock valued at $38,000 after acquiring an additional 232 shares during the period. 71.42% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on MKC shares. Jefferies Financial Group restated a “hold” rating on shares of McCormick & Company, Incorporated in a report on Thursday, October 1st. BidaskClub upgraded McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Friday, January 1st. Finally, Argus started coverage on McCormick & Company, Incorporated in a report on Thursday, September 24th. They set a “buy” rating and a $107.50 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.85.

Shares of MKC stock traded up $1.00 during mid-day trading on Wednesday, hitting $93.45. The stock had a trading volume of 26,647 shares, compared to its average volume of 975,487. McCormick & Company, Incorporated has a 12-month low of $56.11 and a 12-month high of $105.54. The firm has a market capitalization of $24.93 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 5.78 and a beta of 0.44. The firm’s 50-day moving average is $95.51 and its two-hundred day moving average is $96.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.42.

The company also recently announced a quarterly dividend, which was paid on Monday, January 11th. Shareholders of record on Thursday, December 31st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.91%. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio is currently 50.94%.

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 13th. The stock was sold at an average price of $183.30, for a total value of $916,500.00. Following the completion of the sale, the director now directly owns 22,765 shares in the company, valued at approximately $4,172,824.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.70% of the stock is currently owned by corporate insiders.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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

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